Watch & Listen
Charlie Munger on What's Different About Li Lu
, subject: Li Lu, 2019
Munger's short clip asks you to compare the next opportunity with the best one you already have.
29
Coverage Score
3
Scored evidence
About this work
The remarks were recorded at the Daily Journal shareholder meeting on February 14, 2019. The linked CNBC video contains the full shareholder meeting.
Why explore it
Best if You are choosing where to put your time and attention and want a clear test for turning down a merely good opportunity.
Key themes
- Use your best alternative as the test
- Be selective about whom you trust
Evidence and original sources
Source: official Founders episode — #363
This record is supported by 3 public evidence rows linked to original Founders episodes.
- Li Lu and Charlie Munger and Warren Buffett — David says he watched the 90-second video titled Charlie Munger on What's Different About Li Lu twenty times that week.