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… — Li Lu Copy Share Image
All companies incur expenses, some of which are fixed and bear no relation to sales volumes. In this way, profits can grow at a… — Li Lu Copy Share Image
I grew up in Communist China and never had much money to my name, and then, all of a sudden, I had giant student… — Li Lu Copy Share Image
A 'competence' that has no defined borders cannot be called a true competence. — Li Lu Copy Share Image
When I first came to Columbia University, I was dirt poor. I did not choose to come here - I just ended up here… — Li Lu Copy Share Image
Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there… — Li Lu Copy Share Image
Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all… — Li Lu Copy Share Image
