American - Businessman | April 6, 1966 -
Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don't know. That's your probability edge.
Li Lu
FutureFactsBetterYouEdgeKnow
Management is always part of the equation of making the company successful, so the quality of management always matters.
QualityManagementMattersCompany
I was born in April of 1966, on the eve of the Cultural Revolution. Soon after, my parents and grandparents all lost personal freedom simply for being intellectuals. So I spent most of my childhood rotating between adopted families of peasants and coalminers.
FreedomChildhoodParentsRevolution
Everyone has blind spots, and even the brightest people are no exceptions.
PeopleBlindEveryoneEvenSpots
Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there is some element of a zero sum game in investing. If you buy, somebody else has to sell. And when you sell, somebody has to buy. You can't both be right.
PersonalityGameYouFindWayRight
Investing is about intellectual honesty. You want to know what you know. You want to know, mostly, what you don't know.
HonestyYouKnowIntellectualWant
Without a free man, there is no free market. That's called exploitation.
ManFreeWithoutMarketExploitation
I think we Chinese are just as capable, as diligent, as hardworking, as peace-loving, and as creative as people everywhere.
CreativePeopleThinkCapableJust
The financial crisis of 2008-09 was in large part the result of the so-called 'success' of people who did not understand their fiduciary duty. This kind of 'success' is extremely harmful to all of society.
SuccessPeopleSocietyFinancial
I grew up in Communist China and never had much money to my name, and then, all of a sudden, I had giant student loans.
MoneyNameStudentNeverUpChina
No dictatorship can be sustained within the context of an information revolution.
RevolutionInformationDictatorship
With free market and free man, if you remove one of them, it is not called capitalism in my dictionary.
ManFreeCapitalismYouDictionary
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