Lao Tzu named Li Dan, was a philosopher credited with founding the philosophical system of Taoism. He is best known as the author of the Tao Te Ching translated as “The Way of Virtue.”
道Tao, literally means "way", where it implies the essential, mysterious process of the universe.
德 Te, means "virtue", "personal character", "inner strength", "integrity", "divine power", or "healing virtue”, as well as the modern meaning of "moral excellence" or "the highest goodness."
道德 Tao Te together literally means "ethical principles."
經 Ching, means "canon", "great book", or "classic.”
Lao Tzu, the Buddha, and Confucius were contemporaries.
Taoism - Lao Tzu (571-471 BCE) 100 years old
Buddhism - the Buddha (563-483 BCE) 80 years old
Confucianism - Confucius (551-479 BCE) 72 years old
The three lived around the same time in history!
Confucius Met Lao Tzu
The story of the meeting of Confucius and Lao Tzu in the state of Zhou, while Lao Tzu was curator of the royal archives was published by Si-ma Ch'ien Historical Records.