The Munger Series – Learning from Lee Kuan Yew — Investment Masters Class
Investment Masters Class
“If you will make a study of the life and work of Lee Kuan Yew, you will find one of the most interesting and instructive political stories written in the history of mankind. This is better than Athens, this is an unbelievable history. And you will learn a lot that will be useful in life. Study the life and work of Lee Kuan Yew, you are going to be flabbergasted” Charlie Munger
China will inevitably catch up to the US in absolute GDP. But it’s creativity may never match Americas, because its culture does not permit free exchange and contest of ideas.
The world has developed because of the stability America established. If that stability is rocked, we are going to have a different situation.
The moment India has the infrastructure in place, investments will come in, and it will catch up very fast.
The quality of a nation’s manpower resources is the single most important factor determining competitiveness. It is people’s innovativeness, entrepreneurship, team work, and their work ethic that give them that sharp keen edge in competitiveness.
If you do not know history, you think short term. If you know history you think medium and long term.
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