Dear fellow investor,

this morning I have sent a short portfolio update to my research platform members and all I discussed was business developments; from commodity prices, global economic and financial development that impacts demand for all the businesses I own. This is also in line with what Li Lu, Himalaya Capital, and we can say Charlie Munger's Asian hand, says about investing. investing is about knowing the business, not about stock prices going up!

We are fortunate Li Lu recently made an interview for the Columbia Business School so here is the full video. If you don't have 90 minutes but still want to get the core of it, here is my video summary and here is also the written summary.