valueandprices
Thoughts

Li Lu

“I started out looking for cheap securities…  Over time, I really fell in love with strong businesses. I morphed into finding strong businesses at bargain prices.  I still have a streak in me that favours finding really cheap securities – I just can’t help it.   But over time, I’ve become more attracted to looking for great businesses that are inherently superior, more competitive, easier to predict, and with strong management teams”

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