#1
Intellectual Honesty
"Be honest about what you know and dont know. Admitting ignorance is the beginning of wisdom."
Intellectual honesty about knowledge limits is the beginning of investment wisdom.
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Li Lu📌 Investment Psychology
Li Lu's Investment Psychology Rules
Li Lu (born April 6, 1966) is a Chinese-American investor and founder of Himalaya Capital Management. He is one of the few fund managers to have Charlie Munger as a personal investor, and Munger has called him one of the finest investors he has ever known. Born in China during the Cultural Revolution, Li Lu was a student leader during...
3 principles·Investment Psychology
3 Key Investment Psychology Principles
#2
Master Your Emotions
"The greatest enemy of the investor is himself. Fear, greed, regret, and pride cause more losses than any economic event. Master your emotions to master the market."
Master your emotions to master the market.
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Behavioral Bias Awareness
"Know the common behavioral biases that trap investors: anchoring, confirmation bias, loss aversion, and herding. Awareness is the first step to prevention."
Know your behavioral biases to avoid them.
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What are Li Lu's key investment psychology principles?
Li Lu has 3 key principles on investment psychology. The most important one is "Intellectual Honesty" — Be honest about what you know and dont know.
How does Li Lu apply investment psychology in practice?
Li Lu applies investment psychology through several key principles including "Intellectual Honesty" and "Master Your Emotions". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes Li Lu's approach to investment psychology unique?
Li Lu's approach to investment psychology is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Li Lu provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
