Charlie Munger, even at 99, continued to find occasional investment opportunities, doubling his money on a contrarian bet that went against prevailing market opinion.
Li Lu recounted Munger's unique investment approach, emphasizing how he managed to identify stocks everyone disliked, remained undeterred by market consensus, and ultimately saw such investments prosper.
Reflecting on a significant investment out of Barron's that Munger made, he noted it was a rare find, leading to an astonishing return of about $400 to $500 million.
Munger's collaboration with Li Lu stands out, as he confided in him for his family's investment, showcasing the trust Munger held in Lu's expertise.
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