Li Lu is the only investment manager Charlie Munger gave outside capital to. He has invested in multiple 100 baggers in China and introduced BYD to Warren Buffett. On this episode, we discuss:
(00:00) Introduction to Li Lu: The Mysterious Investor
(04:45) Li Lu's Fascinating Background and Early Life
(09:35) The Formation of Himalaya Capital and Investment Philosophy
(14:26) Investment Strategies: Balancing Patience and Activity
(16:59) Key Investment Principles from Li Lu
(22:50) Case Study: Timberland Investment
(29:52) Case Study: BYD - A Defining Investment
(33:40) Investing Insights: BYD vs Timberland
(35:41) The Rise of Mu Tai: A Cultural Staple
(42:39) Macro Perspectives: Li Lu on China
(48:39) Lessons from Li Lu: Value Investing Principles
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