Dynamic Posted March 1, 2018 Share Posted March 1, 2018 Just received a notification that a New Comment awaited me on Seeking Alpha. It's posted by Chris DeMuth Jr at the foot of an article he wrote about Damn Right! At the end of the comment he links to a PDF of the foreword on his Google Drive, which you may enjoy reading. Link to comment Share on other sites More sharing options...
treasurehunt Posted March 1, 2018 Share Posted March 1, 2018 That is an excellent foreword by Li Lu. Makes me want to re-read the Almanack. Thanks for posting the link. Link to comment Share on other sites More sharing options...
John Hjorth Posted March 1, 2018 Share Posted March 1, 2018 Thank you for sharing this gem, Dynamic, also. Link to comment Share on other sites More sharing options...
undervalued Posted March 1, 2018 Share Posted March 1, 2018 Thanks for sharing. A beautiful lady once insisted that Charlie use one word to sum up the source of his success. Charlie said it was “rationality.” However, he has a more stringent definition of rationality. It is his kind of “rationality” that grants him sensitive and unique vision and insight. Even in completely unfamiliar territory, with just one look, he can see through to the essence of the subject. Buffett calls this characteristic of Charlie the “two-minute effect”—he said that Charlie could, in the shortest time possible, unravel the nature of a complex business and understand it better than anyone else. The process of Berkshire’s investment in BYD Auto is an example. I remember when I first discussed BYD with Charlie in 2003. He had never met Wang Chuanfu (Chairman of BYD), never visited BYD’s factory, and was relatively unfamiliar with the Chinese market and culture. Yet the questions and comments he made at that time remain to this day the most pertinent questions to investing in BYD. Does someone know the questions? I've read the book a few times. There are few parts in the book that I wish Munger would've included the answers instead of making me guess (without ever knowing the 'right' answer). Link to comment Share on other sites More sharing options...
kiwing100 Posted March 2, 2018 Share Posted March 2, 2018 Dynamic, Many thanks to you for sharing this. Link to comment Share on other sites More sharing options...
LongTermView Posted March 2, 2018 Share Posted March 2, 2018 I especially like these parts: I asked Charlie, “You have your own private jet and so does Berkshire. Why do you bother going through the hassles of flying commercial?” Charlie replied, “Firstly, it is a waste of fuel for me to fly in my private jet. Secondly, I feel safer flying in a commercial aircraft.” However, Charlie’s third reason is the real one: “I want to live an engaged life. I don’t want to be isolated.” ... He is still living in the same ordinary house he bought several decades ago, only flies economy on trips, always arrives 45 minutes early for meetings, and will specially apologize on the few occasions when he is late. Link to comment Share on other sites More sharing options...
hobbit Posted March 2, 2018 Share Posted March 2, 2018 thank you Link to comment Share on other sites More sharing options...
Kiltacular Posted March 3, 2018 Share Posted March 3, 2018 thank you Link to comment Share on other sites More sharing options...
villainx Posted March 3, 2018 Share Posted March 3, 2018 I especially like these parts: I asked Charlie, “You have your own private jet and so does Berkshire. Why do you bother going through the hassles of flying commercial?” Charlie replied, “Firstly, it is a waste of fuel for me to fly in my private jet. Secondly, I feel safer flying in a commercial aircraft.” However, Charlie’s third reason is the real one: “I want to live an engaged life. I don’t want to be isolated.” I wonder how many stories there are where the passenger next to Munger (or whichever economy flying business/investor leader) realizes it's Charlie Munger next to him/her. Link to comment Share on other sites More sharing options...
Swedish_Compounder Posted March 3, 2018 Share Posted March 3, 2018 Does anyone know where to find details about Li Lu's annual track record to date as well as which are / were his major holdings? Link to comment Share on other sites More sharing options...
LongTermView Posted March 3, 2018 Share Posted March 3, 2018 I wonder how many stories there are where the passenger next to Munger (or whichever economy flying business/investor leader) realizes it's Charlie Munger next to him/her. Yeah, talk about a memorable flight! Link to comment Share on other sites More sharing options...
LounginMKL Posted March 4, 2018 Share Posted March 4, 2018 I wonder how many stories there are where the passenger next to Munger (or whichever economy flying business/investor leader) realizes it's Charlie Munger next to him/her. Yeah, talk about a memorable flight! I'd imagine it would go down as something like this- Link to comment Share on other sites More sharing options...
Jurgis Posted March 4, 2018 Share Posted March 4, 2018 I wonder how many stories there are where the passenger next to Munger (or whichever economy flying business/investor leader) realizes it's Charlie Munger next to him/her. Yeah, talk about a memorable flight! I'd imagine it would go down as something like this- Hey, I think I sat next to that guy on a flight once. But then all these old white guys look alike... 8) Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now