Quotes from Li Lu

Everyone has blind spots, and even the brightest people are no exceptions.

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. 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.

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.

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.

For the vast majority of mankind's history, economic activity consisted of finding energy and using energy.

Whatever you are is because of what your ancestors have done.

Management always has a big influence on your success, no matter how good or how bad the business is itself.