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Charlie Munger Handed Over His Family Fortune To The 'Chinese Warren Buffett' Who Flipped It into Half A Billion Dollars — 'We Made Unholy Good Returns For A Long, Long Time'

In the early 2000s, Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a daring yet calculated financial move. He entrusted a significant portion of his family’s fortune — $88 million — to Li Lu, often referred to as the Chinese Warren Buffett. This bold investment, though carrying its share of risk, not only remained secure but also experienced substantial growth. It is now estimated at approximately $400 million. “We made unholy good returns for a long, long time,” Munger said. “That $8 ....

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Berkshire Hathaway exec Charlie Munger's folksy wit in 8 quotes

Warren Buffett's longtime sidekick at Berkshire Hathaway has died at the age of 99 ....

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Changjiang Currency Exchange: former ANZ employee among alleged China money launderers

The Australian Financial Review can reveal a former ANZ employee is among seven ringleaders accused of running Australia’s biggest money-laundering operation. ....

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Charlie Munger invested nearly $90 million of his family fortune with Li Lu. The 'Chinese Warren Buffett' has turned it into about $400 million.

Warren Buffett's right-hand man trusted an outsider with his personal wealth and made "four or five times" his money thanks to stock picks like BYD. ....

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Charlie Munger Bet $88 Million on Li Lu, Now Worth About $400 Million

Warren Buffett's right-hand man trusted an outsider with his personal wealth, and made "four or five times" his money thanks to stock picks like BYD. ....

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