San Francisco, July 29 (Bloomberg) -- For three years, Richard Blum watched the Internet bubble grow from the balcony of his fourth-floor office, where Buddhist prayer flags rustle in the breeze from San Francisco Bay. His 27-year-old investment firm, Blum Capital Partners LP, avoided soaring technology stocks. ... Blum counts as friends Chinese President Jiang Zemin and the Dalai Lama, the Tibetan spiritual leader whom the Chinese government terms a dissident. ... Blum's 22-year marriage to Feinstein has brought charges of conflicts of interest. When Feinstein ran for reelection in October 2000, she backed improved trade relations with China. ......