American - Businessman | April 6, 1966 -
The whole thing is, really, money makes money. That's the whole thing about capitalism. Without the capital, there is no -ism.
Li Lu
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I was a college student in 1989 when I participated in the demonstration at Tiananmen Square. I was one of the organizers.
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I was born and grew up in China during the 1960s.
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Only by a process of peaceful evolution can China accomplish its own goals of being a free, prosperous, and strong country.
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Management always has a big influence on your success, no matter how good or how bad the business is itself.
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At various stages in my life, I could have stopped, or took the long rest. For some reason, my heart told me otherwise. I just kept going. Half of the time, I wasn't sure where I was heading. The other half, I was probably taking the wrong turns. No matter.
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In my 40s, the two cultures finally came to peace with one other inside me, and I have come to identify myself as both 100% Chinese and 100% American simultaneously.
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For the vast majority of mankind's history, economic activity consisted of finding energy and using energy.
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I graduated from Columbia University in 1996 and founded my investment company in 1997, thus starting my professional investment career.
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In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?
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A 'competence' that has no defined borders cannot be called a true competence.
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