Nisha Gopalan, Columnist

Superman's Gone, and So Are the Thrills

Li Ka-shing, the great trader, played it safe with his last bet.
Photographer: Anthony Kwan/Bloomberg
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Has Li Ka-shing missed a trick by opting for safety rather than growth?

On Friday, the 89-year-old billionaire announced plans to retire from the Hong Kong empire he founded and hand the reins Bloomberg Terminalto his elder son Victor, the designated heir since 2012.