Comparing 72 vs 48 investment principles across 16 common topics
Investment Style: Value Investing, Long-term Holding, Concentrated Portfolio, Quality Focus
Charles Thomas Munger (January 1, 1924 – November 28, 2023) was an American businessman, investor, and philanthropist. He served as vice chairman of Berkshire Hathaway and was Warren Buffett's closest...
Investment Style: Value Investing, Long-term Holding, Concentrated Portfolio, Asia Focus
Li Lu (born April 6, 1966) is a Chinese-American investor and founder of Himalaya Capital Management. He is one of the few fund managers to have Charlie Munger as a personal investor, and Munger has c...
Both Charlie Munger and Li Lu share principles on these topics.
| Topic | Charlie Munger | Li Lu |
|---|---|---|
| Life Wisdom | 6 principles | 3 principles |
| Value Assessment | 3 principles | 3 principles |
| Risk Management | 3 principles | 3 principles |
| Business Quality | 5 principles | 3 principles |
| Business Judgment | 3 principles | 3 principles |
| Stock Picking | 3 principles | 3 principles |
| Margin of Safety | 3 principles | 3 principles |
| Investment Psychology | 14 principles | 3 principles |
| Circle of Competence | 3 principles | 3 principles |
| Buying Principles | 3 principles | 3 principles |
| Selling & Review | 3 principles | 3 principles |
| Investment Philosophy | 3 principles | 3 principles |
| Mental Models | 9 principles | 3 principles |
| Market Psychology | 3 principles | 3 principles |
| Thinking Methods | 4 principles | 3 principles |
| Long-Term Investing | 4 principles | 3 principles |
Charlie Munger has 72 investment principles and Li Lu has 48. They share insights on 16 common topics, yet each brings unique perspectives and methodologies that complement each other.
Charlie Munger and Li Lu share principles across 16 investment topics. These common themes represent the most fundamental ideas in investing, approached from different but complementary angles.
Both masters offer invaluable wisdom. Charlie Munger with 72 principles and Li Lu with 48 principles cover complementary aspects of investing. Studying both provides a more complete investment framework.