Li hit it off with Buffett's right-hand-man Charlie Munger when they met at a mutual friend's Thanksgiving dinner in 2003, according to a 2010 story in the Wall Street Journal. Munger told the Journal that he considered it "a foregone conclusion" that Li would become a top investing official at Berkshire. In August, a Journal blog post titled "Who Is the Better Buffett 2.0: Li Lu or David Sokol?" compared the qualifications of each as potential successors.
Li didn't leave the running as dramatically as Sokol, but instead, he never started working at Berkshire. He now runs his own company called Himalaya Capital Management, which Munger helped fund in its early days.
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