Li Zhuo-wu(李卓吾) was a celebrated thinker of heresy in the Late-Ming Dynasty. He was a controversial figure during his lifetime or after his death. The orthodox neo-Confucian scholars sternly denounced him, but in the May-fourth period, he as considered an iconoclast and the anti-traditionalism. Therefore, the majority scholars neglected that Li Zhuo-wu was educated in traditional Confucian classics and he was a follower of the Wang Yang-ming’s doctrine of the mind. Li Zhuo-wu believed staunchly himself to be a “true Confucian”. However, his learning expressed the liberalism and the individualism, with the result that the majority scholars regarded his “true Confucianism” as a heresy. This text try to be an interpretation for Li Zhuo-wu’s “true Confucianism”. His learning was according to individual life practice. Therefore, the talent and the temperament, the desire and the lust, the worries and ht apprehensions about the reality being, Li Zhuo-wu didn’t evade the issue out of fear to face squarely. The essence of Li Zhuo-wu’s theory displays the spirits of liberties, equality and value diversification. We can say: Li Zhuo-wu’s “true Confucianism” was a distinctive anti-traditionalist, on the contrary, his anti-traditionalism was an interpretation to liberal spirits of Confucianism, and a guideline on liberal treatment of Confucianism. Therefore, his learning was not a heresy, and it could be the edification about the question of t he modern transformation of Confucianism.