Founders #362 Li Lu
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Aug 26, 2024 Li Lu's extraordinary life story unfolds from a brutal childhood marked by poverty and abuse to becoming a trusted confidant of Charlie Munger. His relentless quest for knowledge transforms his destiny, with books serving as a lifeline. The discussion delves into the harrowing events surrounding Tiananmen Square and his eventual escape to New York. Insights into his investment philosophy and the influences of Warren Buffett and Munger provide a rich backdrop to his remarkable journey.
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Li Lu's Thirst for Knowledge
- Li Lu felt inferior due to his lack of access to information.
- He developed inquisitiveness and imitation to learn from others.
Big Dad's Death
- Li Lu lived with Big Dad's family after being abandoned, facing poverty and violence.
- Big Dad's death in a mining accident left the family destitute.
The Zhangs' Abuse of Power
- The Zhang family abused their power by controlling ration tickets, creating inequality.
- Li Lu briefly lived with his parents, feeling awkward due to their estrangement.
