Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 16
At the recent DJCO meeting Munger again talked about the
importance of fishing where the fish are and acknowledged
Li Lu who was in attendance and who handles his Chinese

Not to sound like an undertaker during the plague but it
strikes me like this would be the perfect time to allow
Li Lu to manage a slice of the $128 billion in cash for
investments in China. It would show support for a country
facing very difficult times and would officially bring into
the BRK fold somebody who Munger speaks very
highly of and also someone who handles a significant portion
of Munger's portfolio.

As I recall during the contest to bring in outside money managers
WEB originally wanted 3 people but stopped at 2 with Todd & Ted.

Whether Li Lu would want the job is another thing but at 53
years old and given his close relationship with Charlie it
would seem that a trusted fisherman and a big BRK wallet would
be a natural fit.

Any thoughts?
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.