- Today we are actually in a largely completed trade economic globalization, the financial part of the globalization, technically part of the globalization, but on the governance system, almost all countries still stays in the past era of national state, this leads to a global monetary policy, fiscal policy only communication, not together.It’s a very unstable, naturally unstable state.
- The phenomenon of sudden wealth will continue to appear at this stage, and will return to a more reasonable state in the future.For example, we give all our data to the platform companies, and the platform companies make a fortune with the data that belongs to the individual rights. Therefore, of course, we should give back to more people.
- The most important discovery in our ability to learn was the discovery of a scientific way of learning. It was a major breakthrough.The greatest revelation of modern science is that we can constantly create and revise the original theory through hypothesis, experiment, verification and verification, and then establish new hypothesis and experiment again.
Li Lu’s Civilization, Modernization, Value Investing and China is a hard book to categorize.
As a bookstore owner, I can put this book alongside Yuval’s A Brief History of Humanity, both of which look back at how civilization has come to this day;It could also be placed in the series of China studies, for example, alongside the works of Jin Yiu-ji and Jin Guan-tao, who are so focused and deeply thinking about how China integrates into modernization.Or put it next to Warren Buffett’s biography, Poor Charlie’s Book, or The Value by Hillhouse Capital founder Zhang Lei. After all, the author has detailed his investment philosophy and strategy, and he is China’s version of Warren Buffett or Munger.This book is also a good fit for the “innovation section” of our bookstore, which has a wonderful definition of “innovation”.
However, I found it a bit awkward to put the book in any of these places, since any of these categories can only cover part of the book.
Thankfully, classification doesn’t matter.Whether it is about the leap of human civilization, the past and future of China’s modernization process, or the meaning of compound interest and true long-termism, the questions the author talks about, the process of thinking, and the conclusions he draws in this book give me great surprise and satisfaction.In the end, I placed the book on the most prominent shelf at the entrance to the bookstore, and it deserves a wider readership.
Talking with Mr. Li Lu is as relaxing and thirst-quenching as reading his books.Li Lu has an ability to quickly delineate the coordinates of each problem, and then develop an open, deep, and thorough exposition, along with his honesty and insight on all issues, and his relaxed, pleasant attitude.No matter when talking about crises and challenges, history and reality, or some differences and controversies, Mr. Li Lu’s hearty and warm laughter ran through the whole video interview for more than an hour.Both he and his book are imbued with a relaxing and convincing optimism.
The year 2020 has many people feeling anxious and frustrated.Li Lu and his book, Civilization, Modernization, Value Investing and China, are both a tasty nourishment and a soothing placebo for the black swan era.