Li Lu

"If you are starting your career, I would first study all the great examples in the past in which the market went to the extreme on small segments of securities that gave tremendous mergins of safety. Now all sorts of things happen and you will still come out ok, even if you lose money, you're still in the game Study that one and then study what is available today. At any given time there are always, always opportunities like that. And really it has something to do with our fundamental human psychology. As long as humans remain the same, which I suspect it will after billions of years, that opportunity exists, which is quite an encouraging sign for young people. So if I were you I would be very excited today as I was when I was when I was sitting in the audience in you shoes 20 years ago."

Examples when the market went to the exteme on small segments of securities:

Korean prefered securities