Watch & Listen
Li Lu's 2006 Columbia Business School lecture
, subject: Li Lu's investment approach
A compact challenge to the idea that broadly sound business advice is useful without regard to the person receiving it.
4
Coverage Score
1
Scored evidence
About this work
He illustrates the approach with two case studies from his own portfolio, a 1998 investment in Timberland made during the Asian financial crisis and a stake in Hyundai Department Store valued against its cash, securities, and real estate holdings.
Why explore it
Best if you are wary of general business advice and want to examine whether the guidance you receive is tailored to who you are.
Key themes
- General advice needs a fit test
- Testing fit matters more than the advice
Evidence and original sources
This record is supported by 1 public evidence rows linked to original Founders episodes.
- Li Lu and Charlie Munger and Warren Buffett — David frames a core lesson from this lecture as a recurring theme of the podcast: general business advice is useless unless tailored to who you are.
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