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Value Investing and Company Knowledge
Li Lu was greatly influenced by Buffett and Munger's teachings on value investing, which led him to start his own investment firm in 1997. He believed in the importance of thorough company knowledge and used ValueLine as a resource for detailed information. Li Lu's approach included checking stocks at 52-week lows, those with the lowest P.E., and price to book ratios. This strategy, along with his dedication to learning about companies, contributed to his success as an investor.