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Founders: #363 Li Lu and Charlie Munger and Warren Buffett

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I sent a friend this text: I'm working on another Li Lu episode but this one is about his remarkable investing career. Can be summarized by: 1. Studied Buffett and Munger. 2. Did that. Last episode was about how Li Lu survived one of the most horrific childhoods imaginable. This episode covers how he thinks about investing and entrepreneurship—in his own words. Sources: The forward to the Chinese edition of Poor Charlie’s Almanack written by Li Lu Li Lu's Colombia Business School lecture 2006 Li Lu’s San Francisco State University lecture 2012 Graham & Doddsville interview with Li Lu 13th Colombia Business Conference 2021 Li Lu's Reflections On Reaching Fifty ---- Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ---- Build relationships with other founders, investors, and executives at a Founders Event ---- Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand. You can search all my notes and highlights from every b

[00:00] Li Lu: I sent a friend this text this week. I said I'm working on another Li Lu episode, but this one is about his remarkable investing career. Can be summarized by Number one, studied Buffett and Munger. Number two, did that in all the talks and interviews that Li Lu gave over the last two decades. He's constantly referencing the lessons that he learned from studying Warren Buffett and Charlie Munger, and he shares their obsession with finding great companies. So many times when I was reading the words and listening to the words of Li Lu and I was researching the podcast, I thought…

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