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" I was born and grew up in China during the 1960s. "

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" 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? "

" Rock and roll was a revelation for me. "

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

" 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. "

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

" 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. "

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

" 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. "

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

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

" 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. "

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

" 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. "

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

" I was a college student in 1989 when I participated in the demonstration at Tiananmen Square. I was one of the organizers. "

" 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. "

" 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. "

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

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

" 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. "

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

" 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. "

" Free market never succeeded without free men and free society. "

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

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

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

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

" Tiananmen did not fail. "