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FoundersSeptember 6, 2024

#363 Li Lu and Charlie Munger and Warren Buffett

About This Episode
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 book I've ever read for the podcast. Get access to Founders Notes here. ---- Join my free email newsletter to get my top 10 highlights from every book ---- Follow Founders Podcast on YouTube (Video coming soon!) ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast
Book Mentions
6 book mentions in this episode.
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Books Mentioned

All I Want to Know is Where I'm Going to Die, So I'll Never Go There cover

This book is described as the best book on Buffett and Munger the speaker has ever read, emphasizing their investment philosophies and insights.

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Poor Charlie's Almanac, The Wit and Wisdom of Charlie Munger cover

An excerpt from the foreword that Li Lu wrote for the Chinese version is mentioned, highlighting Munger's philosophies and insights.

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Snowball cover

This is from the biography Snowball. It discusses Buffett's 20 punches approach to investing, emphasizing the importance of making wise financial decisions.

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Poor Charlie's Almanac cover

Charlie Munger in Poor Charlie's Almanac says, going back to Leloo, the game of investing is really continuous learning.

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Sam Walton's autobiography cover

I've read Sam Walton's autobiography twice. It emphasizes the importance of continuous study and learning in business.

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Sam Walton: Made in America cover

Then I read this biography by Vance. It smacked me in the face of the importance of like fast and then slow and then really fast.

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