This Medium article by Cheech Sia summarizes a YouTube lecture by investor Li Lu, drawing parallels between his investment philosophy and those of Buffett and Munger.

The author highlights key takeaways from Li Lu's lecture, focusing on four main points: identifying as a value investor versus a speculator; the importance of rigorous research and skepticism; the need to thoroughly understand company management; and the crucial nature of seizing rare investment opportunities.

The author illustrates these points with examples from Li Lu’s career and emphasizes the need for a margin of safety in investing.

The piece concludes with personal reflections on Li Lu's insights and their broader applicability.