What did Li Lu study?
Early life and education. Li Lu was born and grew up in Tangshan, China during the Cultural Revolution. He was a survivor of 1976 Tangshan earthquake, one of the deadliest in recorded history. In 1985, he went to Nanjing University, majored in Physics but later transferred to Economics.
Who is Lu Li?
Lu Li is the founder and Chairman of Himalaya Capital, a multi-billion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S. He founded the firm in late 1997 and has been running its principal fund ever since. Lu Li was born and raised in China.
How did Li Lu make his money?
Most of his wealth is acquired from Himalaya Capital Management where he currently serves as the founder and Chairman. Li Lu was born on April 6, 1966 in Tangshan, China. He went to Nanjing University where he initially studied Physics but later took economics.
How much money does Li Lu manage?
Li now holds a total of 14.6 million shares, which represent 24.36% of the equity portfolio and is his second-largest holding.
Is Li Lu a billionaire?
Li Lu net worth: Li Lu is a Chinese-American investment banker, investor, and fund manager who has a net worth of $200 million dollars. Li Lu was born in Tangshan, Hebei, China in April 1966. He survived the Tangshan earthquake in 1976 and attended Nanjing University.
Who is Chinese Warren Buffett?
Munger, the conglomerate’s vice-chairman, dubbed him “the Chinese Warren Buffett” in 2019, and noted Li was the only outsider he’s ever trusted to invest his money. Moreover, Munger declared in 2010 that he fully expected Li to eventually take a leading position at Berkshire.
When did Li Lu buy BYD?
2008
Li Lu made his first investment in BYD as early as 2002, and his shareholding has unabated and kept increasing for years. In 2008, he introduced BYD to Warren Buffett when the cost price was only HK$8 per share at that time.
Is Pinduoduo undervalued?
Pinduoduo stock is significantly undervalued compared to its peers as our model indicates an intrinsic value of $199.
What stocks does Himalaya Capital own?
Top 5 stock holdings are MU, BAC, FB, BRK. B, GOOG, and represent 94.97% of Himalaya Capital Management’s stock portfolio. Added to shares of these 2 stocks: FB, BAC….Portfolio Holdings for Himalaya Capital Management.
| Company (Ticker) | Alphabet Cap Stk Cl C (GOOG) |
|---|---|
| Portfolio Weight | 9.3 |
| Valued At | $249k |
| Share Count | 86k |
Does Warren Buffett own Chinese stocks?
Berkshire Hathaway holds 225 million shares, or a near 7.9% stake, in BYD worth about $7.7 billion at today’s closing price of HK$265.20 at the Hong Kong Stock Exchange.
What does Li Lu own in China?
Himalaya Capital
Li Lu is the founder and Chairman of Himalaya Capital, a multi-billion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S. He founded the firm in late 1997 and has been running its principal fund ever since. Li Lu was born and raised in China.
Which electric car company Warren Buffett invested in?
BYD
In 2008, Buffett’s company Berkshire Hathaway bought 225 million shares of BYD for $232 million. Berkshire’s latest shareholder letter shows it still held those shares as of Dec.
What is Li Lu’s investment philosophy?
Li Lu’s early investment philosophy, like Buffett’s during his partnership days, was to buy dirt cheap stocks. This fundamental principle of value investing appealed to Li Lu – buying good securities at a bargain price.
Are there any errors in Li Lu’s speech?
Otherwise, all errors are my own. UPDATE (17/9/20): Li Lu published the official version of his speech in his book, “Modernity, Value Investing and China” (“现代化、价值投资与中国”) and I’ve modified my translation accordingly. This version more clearly discusses his early investment in the cable company and thoughts on entropy.
Does Lili Lu’s “value investing in China” need a transcription?
Li Lu gave a wonderful talk at the 13th Annual Columbia China Business Conference last week. The fireside chat was chock full of great insights into value investing and its application in China. I felt this talk, more than most, would benefit from being transcribed.
Is Li Lu’s Wisdom off the page?
And no doubt, the wisdom of Li Lu jumps off the page. I would like to thank Li Lu, Bruce Greenwald, the Columbia Business School, and the Greater China Society for putting on this talk and making it available to the general public. For more details about this conference, visit cbs-china.org.