Famous Quotes from Li Lu

1. "I never felt tempted by other methods. Some ways to make quick money or through insider information to make money from others have never had any attraction for me."

2. "At least in my life, and in the lives of all successful people I know, luck has played a very significant role."

3. "If you use the correct method to learn and think about business, your knowledge accumulation in 50-60 years can form a powerful compound return in your brain similar to financial compounding."

4. "The core question in investing is to understand the competitive landscape. Almost all profitable businesses attract competition. If a business earns good returns, competitors will be attracted."

5. "What drives life should be love, not fear... Real long-term motivation comes from热爱—love of self, love of life, love of others, love of family, love of your industry."

6. "My teacher and partner Charlie Munger, in two more months will be 97 years old. He remains curious about every change in the world."

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Source: ValueInvest.Wiki