Quotes from Li Lu

Rock and roll was a revelation for me.

Free market never succeeded without free men and free society.

Management is always part of the equation of making the company successful, so the quality of management always matters.

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.

The whole thing is, really, money makes money. That's the whole thing about capitalism. Without the capital, there is no -ism.

To us, anyone who opposes dictatorship is our friend. Those who support it, our enemy.

No dictatorship can be sustained within the context of an information revolution.

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.

Mao Zedong's way was to make people crazy. It was like a religious cult.

A 'competence' that has no defined borders cannot be called a true competence.

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.

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?

Only by a process of peaceful evolution can China accomplish its own goals of being a free, prosperous, and strong country.

Without a free man, there is no free market. That's called exploitation.

You can't imagine a free market coupled with a dictatorship.

I graduated from Columbia University in 1996 and founded my investment company in 1997, thus starting my professional investment career.

I think we Chinese are just as capable, as diligent, as hardworking, as peace-loving, and as creative as people everywhere.

With free market and free man, if you remove one of them, it is not called capitalism in my dictionary.

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.

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.

Investing is about intellectual honesty. You want to know what you know. You want to know, mostly, what you don't know.

Politically, China suppresses its people, but because the government allows some freedom in economic matters, business has become the ultimate expression of individuality.

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.

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.