The Power of Independent Thinking

This chapter emphasizes the significance of trusting one's own judgment and understanding industries over following other investors. It intertwines personal growth and perseverance with philosophical insights, advocating for continuous self-examination and the pursuit of passion in one's career.

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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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