American - Businessman | April 6, 1966 -
I have three lovely children. They are beautiful, talented, and kind-hearted. I'm most proud of them. I love them so much that I will never want to burden them with a large amount of inherited wealth.
Li Lu
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All companies incur expenses, some of which are fixed and bear no relation to sales volumes. In this way, profits can grow at a faster rate than sales.
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When I first came to Columbia University, I was dirt poor. I did not choose to come here - I just ended up here because I had nowhere else to go, having just escaped from China after Tiananmen. I was in a new country where I didn't understand the language, didn't know anybody, and didn't have a penny to my name. So I was desperate and afraid.
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The game of investing is a process of discovering who you are, what you're interested in, what you're good at, what you love to do, then magnifying that until you gain a sizable edge over all the other people.
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Rock and roll was a revelation for me.
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Whatever you are is because of what your ancestors have done.
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To us, anyone who opposes dictatorship is our friend. Those who support it, our enemy.
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Politically, China suppresses its people, but because the government allows some freedom in economic matters, business has become the ultimate expression of individuality.
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Tiananmen did not fail.
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Free market never succeeded without free men and free society.
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You can't imagine a free market coupled with a dictatorship.
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Mao Zedong's way was to make people crazy. It was like a religious cult.
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