Charlie Munger Gave His Family Fortune To The 'Chinese Warren Buffett' Who Turned It Into Over $400 Million Dollars — 'Unholy Good Returns' [Yahoo! Finance]
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In the early 2000s, he entrusted $88 million of his family's fortune to Li Lu, a man often dubbed the “Chinese Warren Buffett.” The investment not only safeguarded Munger's capital but multiplied it significantly, with current estimates valuing it at around $400 million. Munger said in September 2023, "We made unholy good returns for a long, long time. That $88 million has become four or five times that." Don't Miss: Are you rich? Here's what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Munger's impressive returns were not a stroke of luck but the result of his deep trust in Li's acumen. Their relationship began at a mutual friend's gathering in Los Angeles right after Li graduated from college. Although Munger was initially reserved, their conversation soon deepened, culminating in a pivotal, in-depth discussion over a Thanksgiving lunch in 2003. It was then that M
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