- Charlie Munger handed $88 million to Li Lu when the value investor launched a new fund in 2004.
- Warren Buffett’s right-hand man says he’s made four or five times his money since then.
- Munger also discusses BYD and another of Li’s best stock picks in a new interview.
Charlie Munger handed nearly $90 million of his family’s fortune to Li Lu in the early 2000s. The value investor, whom Munger has dubbed the “Chinese Warren Buffett,” has grown the sum to roughly $400 million since then.
“We made unholy good returns for a long, long time,” Munger told the Financial Times for a new profile of Li. “That $88 million has become four or five times that.”
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