I graduated from Columbia University in 1996 and founded my investment company in 1997, thus starting my professional investment career.
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?
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.
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.
Mao Zedong's way was to make people crazy. It was like a religious cult.
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.