Insights from Charlie Munger

This chapter explores the unique problem-solving approach of Charlie Munger, focusing on understanding failures to enhance investment strategies. Through personal anecdotes and reflections on Munger's teachings, it highlights the transformative effects of adopting his principles for personal and financial growth.

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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

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