Chapter 352 The disciple of the mantle

  Xia Jingxing chatted with Buffett, and then followed the old man into the yard with Bill Gates.

  The yard is not big, but it is very tidy, with a red maple planted.

After entering the yard, Xia Jingxing found that the area of ​​the small two-story building was really small, at most five or six hundred square meters.

  Not to mention comparing with the manor, even larger villas can’t compare.

  Seeing Xia Jingxing looking at his house, Buffett has gotten used to it. Since he became a billionaire, everyone who entered his house for the first time will do so.

  Maybe not only to look, but also to have questions in mind.

  Buffett said lightly: “This house was built in 1921 and has a history of more than 80 years.

  In 1958, I bought it for $31,500.

  The house occupies a small area, only 5830 square feet, there are five bedrooms, garage, kitchen, bathroom...all available.

  This is one of the three most valuable investments in my life. The other two are the wedding rings of my two wives. "

  Now 75 years old, a silver-haired Buffett looks at Xia Jingxing and asks: "Can you tell me where is its value?"

  Xia Jingxing knew that the old man was trying to compare himself.

  Bill Gates smiled on the side and turned his eyes to Xia Jingxing. After he answered it, this is a bonus question. If he doesn't answer it well, he will be sent a proposition.

  Xia Jingxing pointed to the road outside the yard, and said with a smile: “I heard that you can go straight to Berkshire Hathaway without turning a bend from this yard.”

   "Yes!" Buffy headed.

  "This can save a lot of commuting time on the road, and spend more time and energy on analyzing stocks instead of traffic jams."

  Buffett smiled, "Is it all?"

  Xia Jingxing thought about it again, the answer may be too straightforward and not enough investment philosophy.

  So he sorted out the words in his mind and continued to add: “Investing in this work requires extreme calm and super patience. Therefore, stay away from vanity and indiscretion, and you are far away from huge risks.”

  Buffett finally laughed "haha", nodded and said: "Yes, I am not interested in enjoying the glitzy life, I am only interested in making money.

  Because this can make my brain secrete a large amount of dopamine, which produces a pleasant feeling. "

  "You are enjoying investment and work, and most people are just using it as a tool to improve their material life."

  Xia Jingxing's flattering is good, Buffett smiled slightly, and flicked his head, "Come with me and see how your skills are?"

  Xia Jingxing and Bill Gates followed Buffett and came to the backyard.

  An old foreign man with the same silver hair as Buffett is playing table tennis with a middle-aged Chinese man.

  Xia Jingxing recognized the two at a glance. The silver-haired old man is Buffett’s good friend and partner Charlie Munger, and the other is a well-known Chinese investor Li Lu.

  Charlie Munger is already 80 years old, but his bones are very strong, with left gear, right shot, bottom buckle...

   played back and forth with Li Lu on the opposite side, only to see a white ping pong ball bounced over on the table, and bounced back again, back and forth.

   Xia Jingxing can see that Li Lu's movements are very gentle, and he should keep some strength to accompany the old man to play the health ball.

  It wasn't until the ping pong ball was knocked off that Buffett, who stopped to watch, stepped forward and introduced Li Lu and Charlie Munger to Bill Gates and Xia Jingxing behind them.

  Bill Gates, Charlie Munger, and Li Lu are also old acquaintances, so I don’t need to introduce too much.

   mainly introduces Xia Jingxing to the two people.

  "Dylan, hello, I know you, an outstanding entrepreneur in Silicon Valley!"

  Charlie Munger was very enthusiastic, and shook hands with Xia Jingxing and talked a few words.

  "Hello Mr. Xia, please advise!"

  Then Li Lu, who was standing next to the old man, also stepped forward and shook hands with Xia Jingxing, first greeted him in Chinese, and then repeated it in English.

   "Mr. Li, you are polite, you are a senior in the investment industry."

  While Li Lu looked at Xia Jingxing, the latter was also looking at him.

  Li Lu is well-known in the Chinese investment circle. Born in 1966, he was a survivor of the Tangshan Earthquake. He graduated from Jinling University with a bachelor's degree and was one of the early mainland students.

  At the age of 30, he obtained three degrees at the same time, including a bachelor's degree in economics, a master's degree in business management, and a doctor of law from Columbia University.

  In 1997, the other party founded Himalaya Capital. It took more than 20 years to grow from several million U.S. dollars in management to more than 10 billion U.S. dollars.

  Investment performance is also very good. Adhering to the viewpoint of long-term value investment, it has maintained an average annual rate of return of more than 20% for more than 20 years.

  From the perspective of the rate of return, it is the same as Buffett, but Buffett has maintained an average annual rate of return of more than 20% for more than 60 years, and it has truly exerted the power of compound interest.

   But Li Lu is also very good, because he is still young and there are more possibilities in the future.

  In addition, Li Lu is also known as Charlie Munger's mantle disciple. It has been rumored that he will become one of Berkshire Hathaway's helm.

  Because in Charlie Munger’s decades of investment career, apart from making investments by himself, the only time he gave money to others to manage, that other person was Li Lu.

  Even in the future, Charlie Munger has given the family fund to Li Lu for management, which is extremely trustworthy.

  Li Lu also recommended Buffett a share, helping the other party earn 1.2 billion U.S. dollars from BYD.

  In short, this person has a close relationship with Buffett and Charlie Munger.

  Xia Jingxing wanted to talk to Li Lu a few more words, but Buffett refused to agree and pulled Xia Jingxing onto the table tennis table.

  Receiving the table tennis racket Li Lu handed him, Xia Jingxing and Buffett, who received the racket in Charlie Munger’s hand, played table tennis.

  Xia Jingxing thought it was a battle that was devastating, so he left a little more.

  Facts have proved that he underestimated Buffett.

  This old man likes to play bridge and table tennis. He often practices. Although he is older and his movements are not so agile, he has a strong ability to predict the course.

  Xia Jingxing’s serve was lightly caught by the old man. The old man slapped his backhand and the ball bounced back quickly.

   Fortunately, Xia Jingxing still maintained half the level of elementary school, and caught the ball dangerously and dangerously.

  The old man is very bad. He saw that Xia Jingxing had some hands-on skills and began to play various fancy tricks.

  Various small shots, swing the racket high, and touch the ball lightly, just flying over the net in the middle;

  Intentionally slow motion, but the wrist suddenly exerts force at the moment of hitting the ball.

  As for the other hem corners, not to mention, the old man is very skilled.

  It’s time to show your real strength!

  Xia Jingxing originally thought that “punching Nanshan Nursing Home and kicking Beihai Kindergarten” was not good, but the old man was so arrogant that he could no longer be humble.

   Thinking of this, Xia Jingxing quickly launched a wave of fierce offensive.

  Buffett instantly felt the pressure, he was struggling to catch the ball, and his panting became more and more urgent.

   "Ouch~"

  Too desperate to catch the ball, Buffett suddenly flashed his waist.

  Everyone hurried forward to help.

  Buffett grinned, and the pain was terrible.

  Everyone didn't dare to neglect, so they quickly helped Buffett into the room, and urgently notified a private doctor to come for treatment.

  In order to relieve the pain, the old man lay on the sofa.

  The instigator Xia Jingxing stood aside, a little embarrassed, so he had to take the initiative to say: "Mr. Buffett, I blame this for this matter and didn't consider it well."

  Buffett waved his hand, “It’s okay, how can I blame you for this? I haven’t played so much for a long time.”

  Seeing that Buffett really didn't mean to blame himself, Xia Jingxing felt a little relieved.

  After the private doctor came, he checked and treated Buffett. After confirming that there was nothing serious, he left.

  Bill Gates said: “Dylan has now stepped down from his Facebook post and has transformed himself into an investor.”

   "Oh, is it a VC investment?"

  Buffett is not cold about the Internet and doesn’t know much about Xia Jingxing’s trends, but he also knows that there are countless cases of Internet entrepreneurs transforming investors.

  "Not only VC, but also PE and hedge funds."

  Hearing Gates’s words, not only Buffett, but Charlie Munger and Li Lu on the side were a little surprised, before they entered the investment industry, just playing so much?

  Buffett said lightly, “Young man, I think it’s better to focus.”

  (End of this chapter)