Li Lu’s Case Studies in Becoming “Fabulously Rich” (2006)

Li Lu of course is made more famous by Charlie Munger. Lu gave a talk to the Colombia Business School’s Value Investing class in 2006 and ended the lecture with the words of how to become “fabulously rich”. What I heard (a.k.a key take-aways) from the lecture (in no particular order): You only have very…

Defaults

The default in the world we live in is entropy. Left to its own devices, death, decay are the defaults. As a young Engineer, I took it for granted that I contributed so little to building things, fixing things, maintaining things. Some of the tedious work seemed unimportant to me. However having travelled the world…