He met Munger on Thanksgiving Day 2003, and they became lifelong friends. Meeting Munger was one of the most important events that changed Li Lu’s life. Munger said Li Lu was the only outside manager he had invested in and called him “China’s Warren Buffett.”
Category: Warren Buffett
Primer’s book to know Buffett-“Warren Buffett: Investor and Entrepreneur”
“Warren Buffett: Investor and Entrepreneur” is published in 2022, written by Todd. A book about Buffett by Todd A. Finkle.
a16z’s “Secrets of sand hill road” to investors and entrepreneurs
“Secrets of sand hill road” is a practical book written by key members of the management team of Andreessen Horowitz, one of the top, mainstream, and still very active Silicon Valley venture capital firms.
“Benjamin Graham on Value Investing”, Graham’s bio book
“Benjamin Graham on Value Investing” mainly talks about two things:
-“Graham’s life, and this book is also equivalent to Graham’s biography. I have read another biography of Graham, which I personally found to be more interesting.
-“Value investing” advocated by Graham.
The importance of cash, Apple’s experience in using cash
Apple, managed by Steve Jobs, adopted a conservative financial policy and reserved more cash for the company’s research and development and operations. This was not unreasonable at the time, but Cook’s financial management was more efficient.
Memory is an edge to investment success
The quality of memory is also a part of an investor’s circle of competence.
2025 Berkshire Shareholder Meeting transcript and video
Video and transcript of the 2025 Berkshire Shareholder Meeting
Buffett’s most important original book “Tap Dancing to Work”
I personally rate “Tap Dancing to Work” very highly, because there are many contents in the book that can fully explain and make people understand why Buffett’s many investment views come and go.
Don’t lose set you to be a millionaire at least
Don’t lose money when investing. With the accumulation of compound interest over time, it is impossible not to become a millionaire.
Permanent capital loss is the biggest risk investors must face
Howard Marks: “I don’t think most investors worry about volatility. In fact, I’ve never heard anyone say, ‘The expected return isn’t high enough to withstand all the volatility.’ They worry about It’s the possibility of permanent capital loss.”