3 Bullet Sunday - 27 Sep 2020

I. Li Lu lecture to Columbia Business School

Li Lu is one of Charlie Munger's trusted investor. Munger has invested heavily in 3 vehicles throughout his lifetime: Berkshire Hathaway, Costo, and in Li Lu's fund.

In this lecture he talks about viewing investing as owning businesses and why he chose to invest in a handful of quality compounders.

"Owning a handful of these businesses, it is enough to change your life."