Li Lu Quotes

Powerful Li Lu for Daily Growth

About Li Lu

Li Lu Quotes (traditional Chinese: 李路; simplified Chinese: 李路; pinyin: Lǐ Lù; Wade-Giles: Li4 Lu4; born September 18, 1967) is an influential Chinese author and investor, known for his works in both the financial world and literature. He was born in Tianjin, China, but grew up primarily in Beijing. After earning a Bachelor's degree from Peking University, Li Lu moved to the United States to pursue further education, obtaining an MBA from Stanford Graduate School of Business. This move provided him with unique insights into both Western and Eastern cultures, which would later influence his writing and investment strategies. Li Lu began his career in finance as an analyst at Juniper Capital Management, later joining CD&R (Clandeboye, DeSilva & Read) as a Vice President. In 1998, he co-founded Hoplite Capital Management, a global event-driven investment firm based in New York City. Concurrently with his finance career, Li Lu began writing fiction under the pen name "Lijiang." His debut novel, "The Third Bullet" (第三顆子彈), published in 2001, became a commercial success and was adapted into a popular TV series. In addition to his financial and literary achievements, Li Lu is known for his philanthropic efforts. He serves on the board of several non-profit organizations, including the Asia Society and the New York Public Library. Throughout his career, Li Lu has demonstrated a unique ability to bridge cultures and industries, making significant contributions in finance, literature, and philanthropy. His works continue to inspire readers and investors alike.

Interpretations of Popular Quotes

"The pursuit of wealth is an acceptable goal as long as it is a byproduct rather than the main purpose."

This quote by Li Lu emphasizes that while the pursuit of wealth can be a valid ambition, it should not be the primary or sole motivation in one's life. Instead, wealth should be viewed as a beneficial outcome or byproduct of other meaningful pursuits. By focusing on personal growth, skills development, contributing to society, and fulfilling personal passions, wealth may naturally follow as a positive consequence, rather than being pursued relentlessly for its own sake. In this way, one can maintain balance, integrity, and a sense of purpose in life.


"Success usually comes to those who are too busy to be looking for it."

This quote suggests that successful people tend not to actively chase success, but rather focus on their tasks, goals, or passions so much that success naturally comes to them as a byproduct of their hard work and dedication. It implies that being overly preoccupied with the pursuit of success can sometimes hinder progress because it may lead to distraction, fear of failure, or an unhealthy obsession. Instead, one should stay consistently engaged in meaningful activities, and success will find them along the way.


"The secret of life is to have a plan, but be flexible when encountering unforeseen circumstances."

This quote emphasizes the importance of having a strategic direction in life (a plan), yet being adaptable and open-minded when faced with unexpected events. It implies that life is full of surprises and changes, so one should be prepared with a general direction but remain flexible to adjust and navigate through the unpredictable circumstances that may arise.


"If you invest in companies that are doing something you don't understand, you may be able to outsmart the market for a while, but eventually the market will correct itself and you will lose."

This quote emphasizes the importance of understanding the fundamentals of the businesses you invest in. If you invest blindly in companies without comprehending their operations or strategy, your success may be temporary as market fluctuations will eventually expose any lack of knowledge. To consistently make profitable investments, it's crucial to have a deep understanding of the companies and industries you are involved with.


"Patience is not just the ability to wait, it's how we behave while we're waiting."

Li Lu's quote suggests that patience doesn't merely mean tolerating a delay or waiting for something to happen; instead, it encompasses the behavior and attitude one adopts during that waiting period. In other words, patience is not just about enduring time but also maintaining a positive outlook, staying calm, and being productive while anticipation unfolds. It's a testament to one's emotional resilience and mental fortitude in the face of uncertainties or delays.


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.

- Li Lu

Grandparents, Rotating, Personal Freedom

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.

- Li Lu

My Life, Reason, Some, Stages

All companies incur expenses, some of which are fixed and bear no relation to sales volumes. In this way, profits can grow at a faster rate than sales.

- Li Lu

Some, Which, Profits, Fixed

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.

- Li Lu

Love, Wealth, Lovely, Inherited

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

- Li Lu

Information, Within, Context

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

- Li Lu

Free Market, Remove, Them, Free Man

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

- Li Lu

Market, Exploitation, Free Man

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

- Li Lu

Blind, Everyone, Even, Spots

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.

- Li Lu

Crisis, Financial Crisis, Harmful

Free market never succeeded without free men and free society.

- Li Lu

Society, Never, Market, Free Men

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

- Li Lu

Strong, Process, Country, Goals

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

- Li Lu

Big, Bad, Always, Big Influence

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

- Li Lu

Enemy, Friend, Anyone, Dictatorship

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

- Li Lu

Free Market, Market, Imagine, Dictatorship

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

- Li Lu

True, Borders, Competence, Defined

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.

- Li Lu

Unpredictable, Probability, Investing

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.

- Li Lu

Game, Some, Perfectly, Investing

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.

- Li Lu

Love, Game, Over, Investing

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

- Li Lu

Honesty, Want, Mostly, Investing

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?

- Li Lu

Drop, Will, Capital, Volatility

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.

- Li Lu

Country, Here, Desperate, Penny

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

- Li Lu

Career, University, Thus, Graduated

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

- Li Lu

Business, Some, Expression, Individuality

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.

- Li Lu

Other, Finally, Identify, Simultaneously

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

- Li Lu

Like, Religious, Cult, Mao

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

- Li Lu

Think, I Think, Diligent, Hardworking

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.

- Li Lu

Student, Communist, Had, Loans

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

- Li Lu

Done, Because, Your, Ancestors

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

- Li Lu

Mankind, Activity, Using, Vast

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

- Li Lu

Matters, Always, Making, Successful

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