Hong Kong Billionaire Li Ka-Shing: An In-Depth Interview

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#1
Hong Kong Billionaire Li Ka-Shing: An In-Depth Interview
http://www.bloomberg.com/news/videos/201...-interview
You can find more of my postings in http://investideas.net/forum/
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#2
(30-06-2016, 03:25 PM)Behappyalways Wrote: Hong Kong Billionaire Li Ka-Shing: An In-Depth Interview
http://www.bloomberg.com/news/videos/201...-interview

Thanks for the post Behappyalways. Was a pleasure listening to Li Ka-Shing.

He is one of the richest men on earth but seems so very down to earth in mannerisms and thoughts!
"You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."
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#3
Thanks very much for the post, I really enjoyed it! Especially the part where the reporter asks him about his Citizen watch, while she wears a diamond studded AP lol.
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#4
Mr Li Ka-Shing summed it all...Cashflow Cashflow Cashflow.....Pay attention to the company's Cashflow instead of profit as it can be 'manipulated'.
You can find more of my postings in http://investideas.net/forum/
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#5
Indeed LKS summed it all up.
Money does not buy happiness.
But it can open a lot of possibilities and maybe from there we can end up leading more meaningful lives.
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#6
(01-07-2016, 11:05 AM)Behappyalways Wrote: Mr Li Ka-Shing summed it all...Cashflow Cashflow Cashflow.....Pay attention to the company's Cashflow instead of profit as it can be 'manipulated'.

lol yea that jumped out at me too.
CF CF CF. 
But he's trying to say that the CF allows him to get into industries which are at a low, when he sees value
Without sufficient CF, he'd be forced to stay on the sidelines like everyone else
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#7
ok, let me see if i have 20 billions spare cash around... Tongue Tongue Tongue nope... reality hurts...

he treats his foundation like his 3rd son and puts in 30% assets... while we are calculating the costs of raising children.... alamak... think we are totally missing the point somewhere!!! Tongue

Thanks for the video! totally enjoyed it! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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#8
(01-07-2016, 02:31 PM)brattzz Wrote: ok, let me see if i have 20 billions spare cash around... Tongue Tongue Tongue  nope... reality hurts...

he treats his foundation like his 3rd son and puts in 30% assets... while we are calculating the costs of raising children.... alamak... think we are totally missing the point somewhere!!! Tongue

Thanks for the video! totally enjoyed it! Big Grin

If i read correctly, he is very traditional chinese guy. He is sad because his heart cannot bear to part his asset to charity even though his mind wants to help the society. (His mental will to give to society can be seen when he says gov can increase taxes on the rich more by 1% or 2% as long is not given free to the poor but to teach them how to fish). But something strike him one night if what happen he has a third child. He will split his asset 3 ways too. And thus mentally he has overcome the tradition in him that he can put that 1/3 into the foundation for charity as though is his 3rd. That's the essence.

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#9
Thanks for sharing. I was enjoying it heaps until it ended abruptly at the 18 min mark... And Bloomberg (shockingly) offered an interview with BoJo..
Any idea how I can watch the remaining part of the interview with Mr Li?

Much appreciated.
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#10
Despite Hongkong property and economy going downhill this past year, he calls for increasing corporate tax rates. I find that amusing, it will contribute to tax income for gov on the surface, but IMHO he may want many businesses to go under so he can buy them for nothing in a few years time Big Grin

After all, he is still a very shrewd businessman, though it seems BREXIT has taken him by surprise.

Hong Kong’s richest man Li Ka-shing says he will scale back UK investment if Brexit goes ahead
http://www.independent.co.uk/news/busine...92891.html
Virtual currencies are worth virtually nothing.
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