How the Chinese Warren Buffett Picks Money Making Stocks

Li Lu, the Chinese Warren Buffett, links 3 key concepts of value investing

96-year old Charlie Munger is a true investing great.

But, even he gave a part of his money to someone he calls, “The Chinese Warren Buffett.”


Luckily, I stumbled upon this talk Li Lu gave at Columbia Business School, in 2006.

And once he shows how he picks his stocks, you can see what Charlie Munger means.

Sharing some notes:


Investing vs Speculation: How to Spot the Big Mistakes

When you’re just about to hit the buy button, can you be sure if greed has got the better of you, and you’re really speculating?

Truth is, even I’ve often wondered about this difference between investing vs speculation.

Luckily, it’s a question that has preoccupied the giants of value investing. From Ben Graham, down to modern writers like Howard Marks and Gautam Baid.

And thankfully, there is a way to piece everything together.