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Li Lu Quotes
17 quotes from Li Lu — Chinese-American investor and founder of Himalaya Capital..
“You don't have to swing a lot [as an investor]. You study all the time, but you don't have to do anything.”
“Intelligent investors are the ones who are always intellectually honest.”
“The core of value investing is to understand value. What you pay is price — and what you buy is value.”
“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.”
“Free market never succeeded without free men and free society.”
“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.”
“Intelligent investors are the ones who are always intellectually honest.”
“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.”
“I was a college student in 1989 when I participated in the demonstration at Tiananmen Square. I was one of the organizers.”
“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.”
“Free market never succeeded without free men and free society.”
“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.”
“Tremendous insight is built from intense curiosity and study for your whole life.”
“Most of your time being a value investor is as an academic, a researcher, a journalist actually, to have insatiable curiosity and try and figure out how just about everything works.”
“You have to be naturally interested and curious about everything – any kind of businesses, politics, science, technology, humanities, history, poetry, literature, everything really affects your business.”
“The game of investment is really continuous learning.”
“I feel very lucky that in the last twenty years I could study value investing under the tutelage of the great masters.”