logo

English
                 

Life "Reflections on Reaching Fifty."

2019.08.21 10:59

운영자 Views:41

5 Messages From Li Lu's Reflection

Gurufocus.com  •

 

A friend of mine recently forwarded me a speech by Himalayan Capital Founder and Chairman Li Lu called, "Reflections on Reaching Fifty." It was published on Li's Weibo account on April 19, 2016. I thought the speech was spectacular. Below are the five salient messages from his speech. 

 

 

          1. Ninety percent of his success is showing up.

"If I have anything to do with that journey, it is simply that I took it. Woody Allen is right, 90% of success is to show up. 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. It doesn't matter."

 

2. Constantly seek rationality.

"But I was on high alert to correct mistakes along the way. I was careful not to be influenced by emotions that I know are poisonous and counter-productive to the journey I want to take; things like envy, resentment, hatred, jealousy, greed and self-pity. I certainly wasn't born with immunity to this side of human nature. In fact, my early life experiences may require me to work even harder than others to guard against these human vulnerabilities. And when I did fall for their prey, or when I took a wrong turn, I was fortunate to be able to correct them quickly. Socrates was right, unexamined life is not worth living, certainly not living well. Every once in a while, I would sit down alone to figure out where I might be wrong."

 

3. Form the habit of self-examination and self-reinvention.

"In my experience, every five to ten years or so, I had to change so much of myself that at times it felt like almost a reinvention. I've been blessed with the faculties of rationality that help me to form the habit of self-examination. And when I fail in self-examination, I'm even more blessed to have some strong friends who can point out my blind spots. I would have been lost in life's various mazes if I had not gotten that help."

 

4. How to think about investing:

"Now that I have compiled a record of my own for over twenty years, still enjoy the game even better than when I started, I think I will simply continue. I'm curious to see how long I can follow the great record set by my teachers, Warren and Charlie, that is by now well over fifty years. Not for the size of asset under management, not for the fees, just keep a score card the way a golfer would after each round and after a life-long career. So value investing is likely a life-long pursuit for me."

 

5. How to think about old age:

"Regarding age, my favorite quote comes from Norman Lear. At 94 he is still active in so many different things, collecting fans who are in their 80s, 60s and all the way down to the 20s.I once ask him how old does he think of himself. Without missing a beat, he said, 'I'm always the same age as the people I talk to.' Now, that is a cool answer! Ever since, I've been paying close attention to who I am talking to."

 

Copied from Gurufocus.com by SNUMA WM,  August 21,2019

No. Subject Date Author Last Update Views
Notice How to write your comments onto a webpage [2] 2016.07.07 운영자 2016.11.20 609
Notice How to Upload Pictures in webpages 2016.07.07 운영자 2018.10.19 805
Notice How to use Rich Text Editor [3] 2016.06.28 운영자 2018.10.19 856
Notice How to Write a Webpage [1] 2016.06.28 운영자 2018.10.19 452
6572 Dirty Water in Flint caused Legionnaire’s disease new 2019.09.14 온기철*71 2019.09.14 4
6571 반 문재인 운동 [1] new 2019.09.14 운영자 2019.09.14 8
6570 [위대한 한국] 4. 세계 최 첨단의 "5G" [1] new 2019.09.14 운영자 2019.09.14 7
6569 1987년 한국대선 CIA 보고서 update 2019.09.13 온기철*71 2019.09.14 17
6568 Greta Thunberg [7] update 2019.09.13 이한중*65 2019.09.14 22
6567 삼성 이병철 회장의 도꾜 선언 [1] 2019.09.12 운영자 2019.09.12 29
6566 [위대한 한국] 3. 일본을 제치고 세계일위의 반도체 생산 국가 [1] 2019.09.12 운영자 2019.09.12 23
6565 중공군 포로 미군 Schlichter 상사의 귀국 [1] 2019.09.12 온기철*71 2019.09.13 15
6564 Lighter Side of Life, Posing with Sculptures [4] 2019.09.12 운영자 2019.09.14 36
6563 사카모토 료마 28, 29, 30, 31, 32, 33 2019.09.11 온기철*71 2019.09.11 17
6562 [위대한 한국] 2. The best shipbuilder of Icebreakers [5] 2019.09.11 운영자 2019.09.12 34
6561 [PGA] 임성재, 아시아 국적 선수 최초로 PGA 투어 신인상 수상 [3] 2019.09.11 황규정*65 2019.09.13 10
6560 [위대한 한국] 1. 세계 최강의 LNG Shipbuilding [2] 2019.09.11 운영자 2019.09.13 19
6559 18th Anniversary of 9/11 [2] 2019.09.11 이한중*65 2019.09.11 16
6558 John Bolton is Out! [7] 2019.09.10 온기철*71 2019.09.12 59
6557 [WC] ‘나상호 결승골’ 한국, 투르크 상대로 월드컵 예선 첫 승 [5] 2019.09.10 황규정*65 2019.09.11 19
6556 He drank 47 cups of coffee, and see what happened [2] 2019.09.10 운영자 2019.09.10 32
6555 出師表 諸葛亮: 출사표 제갈량 [2] update 2019.09.10 정관호*63 2019.09.14 23
6554 요시다 쇼인과 유성룡의 징비록 [1] 2019.09.09 온기철*71 2019.09.10 21
6553 고바우 영감 김성환별세 [9] 2019.09.08 온기철*71 2019.09.10 80