"20 years ago as a young student coming to the United States I couldn't have imagined having a career in investing and would have never thought that I'd be fortunate enough to meet Charlie Munger in 20..."

"but if I was willing to give up this path right then to take a path different from Wall Street he was willing to invest with Charlie's help I completely reorganized the company I founded the structure..."

"that is actually uh my favorite book out of you know probably I don't know read 10 15 books on Warren buff and Charlie merer my favorite one is on episode 286 it's called all I want to know is where I..."

"be understood through self-study building Innovations on the foundations led by those who came earlier Charlie Advocates studying all the truly important theories in all disciplines and building on th..."

"Buffett's quote this is leel talking talking about this I've also had this profound experience Charlie pointed out the blind spots in my thinking he is not just a partner he's a role model in my life ..."

"was not in a hurry he took out a book and sat down to read while he waited for the next plane as long as I have a book in my hand I don't feel like I'm wasting time Charlie said he always carries a bo..."

"years later to the commercialized China his teaching will probably be have your heart in the right place cultivate your moral character fortify your family acquire wealth and help the world that was a..."

"when I went to Charlie mugg's house and actually got to see his Library this is something when I realized it's like oh I'm still a biography amateur because Charley would make his own biographies ther..."

"listening to Warren a light bulb kind of just went on and I figured that I can do something in this business at the time I was pretty desperate I had recently escaped from China I didn't know anybody ..."

"that one is better off buying a business with exceptional business economics working in its favor and holding it for many years then engaging in a lot of buying and selling trying to anticipate market..."

"it takes an experiment you have to know what you don't like to do so he's like listen I always knew I was going to run my own fund that he knew but he didn't know how he was going to run the fund and ..."

"was like I know Buffett said something about other people's opinions over and over again and that's what I was thinking about when I got to this paragraph So in that book that I mentioned earlier whic..."

"he says this will help you you're obviously reading everything he says it will help you because then occasionally you will find a few insights all of your studies would really just give you a handful ..."

"the first thing that he tells the students he's like listen I no longer talk about what we own in other words Bad Boys move in silence but I can pick a couple examples of something that I owned in the..."

"no opportunity at all what do you think that kind of person is going to do when they get to America they go to Columbia he hears Buffett speak and then he realizes wait there's a book that does this i..."

"ownership structure well it's family-owned they own about 40% of it and they control 98% of the vote and so leelu says immediately that turns a bunch of people off and he brings up the point he's like..."

"have a big smile on my face as this continues to go on because just the effort that this guy is going to do remember he's when he pulls the trigger it's he's not like dabbling around you know there's ..."

"actually I think this is the founder of Timberland uh he says this fellow actually only graduated high school he's a relatively simple guy but he's a nice decent guy it turns out he has a son who actu..."

"idea that Buffett has on my coffee mug opportunities come in frequently when it rains gold put out the bucket not the thimble go back to the text message I sent my friend I'm working on another lelu e..."

"when they start analy keep in mind he just went through how he analyzed timin right so he's like okay we're going to pull out value line we're going to analyze some of these businesses together this i..."

"department store but it's not like you and I would think about a department store has that's holding all its inventory therefore the book value of this department store it's worth more than the book v..."

"most people will fail on both of those scores big time and you have to go that extra length in order to get it done the extra length he described in the Timberland right if you can't succeed on that y..."

"uh so he says the biggest opportunity uh came or the big biggest mistake or the missed opportunity came from this company that I had an absolute Insight on uh I had the absolute Insight I knew the man..."

"90 seconds long and uh it says it's titled Charlie Munger on what's different about Lee not only did I watch it 20 times this week but I sent it to a bunch of friends and I transcribed it and I this r..."

"in other words it's your Alternatives that matter that is how we make all of our decisions the genius in Buffett's advice to the students if you really think about it he's just like well what's a good..."

"I guess it's all work anyways essentially saying the entire world is his classroom and he goes back to the fact that people like him people like Munger people like Buffett they don't belong to the sto..."

"and that is highly highly highly relied upon to do your daily work once you learn that damn thing you do not want to learn that again and besides then they add another uh advantage to have and besides..."

"repeats that over and over again and I'm going to pause here I'm going to come back to what he's saying here because I think it's really important but like the point of his his hounding on this that y..."

"over it over and over again so he says nothing he really just talks about business is change and you need to welcome that because change equals opportunity so business is change and change equals oppo..."

"because finding an edge really only comes from a right frame of mind and years of continuous study this is really difficult but on the other hand the rewards are huge Warren says that if you only come..."

"in these small remote communities that there was much much more business out in these little communities of like 6,000 you know people 10,000 people than they could have ever possibly imagined that on..."

"mighty companies look at the top 50 companies in America every 10 years by the time 20 or 40 years go by 2third of them are gone by the time it goes to 100 years there might be only a couple left that..."

"automation is far cheaper than anyone else and more reliable he continues to surprise me with his Ingenuity to figure out ways to do something better than anyone else but you cannot truly understand e..."

"tells you a lot about leelu this is the comment on the YouTube video thanks for creating a higher quality version my team and I actually hosted this event in 2012 not only is leelu a fantastic investo..."

"people really do not have the necessary discipline mental discipline to do that I would strongly encourage you to study successful practices in real life and in examples of History what you are lookin..."

"this is the note I left on this page right because you know I may never read this entire page again but I'll go back and look through them and through my notes and highlights and I want a summary like..."

"cheap Securities but over time I really fell in love with strong businesses and I think that's super important he mentioned earlier strong businesses wonderful businesses great businesses they produce..."

"ideas for figuring out who is really great inside of an industry you identify who is really great by asking who I do not want to compete with and I think it was Markin recent somebody said one time th..."

"I'm been deep into buff Ander for years but so deep into Leu I realized like this company is a learning machine okay that applies to byd byid but it applies to birkshire 2 it applies to Munger applies..."

"population and yet not only was it rebuilt but it was rebuilt at a furious Pace after that it went through two great world wars after World War II if you thought Japan and Germany were doomed boy were..."

"high so therefore he doesn't do it okay and then the final thing is he turns when he turns 50 years old he writes this post about Reflections on turning 50 and I think this is a perfect place to end I..."

"reinvention and when I fail in self-examination I'm even more blessed to have some strong friends who can point out my blind spots I would have been lost in life's various mazes if I had not gotten th..."

"collecting fans who were in their 80s their 60s and all the way down to their 20s I once asked him how old does he think of himself without missing a beat he said I'm always the same age as the people..."