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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Li Lu - The Chinese Warren Buffett (How He Finds 100 Baggers)

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