The power of index ETFs underestimated

The wealth-building power of index ETF help you achieve the following: The greatness of investment masters recognized by the world is due to two very difficult achievements: First, their performance “almost” beats the market every year; second, they maintain positive returns every year, which is also very difficult.

Li Lu, Munger’s disciple, and his Himalaya Capital

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.”

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