One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Li Lu: Do You Have The Insight & Temperament To Be A Great Investor?
During his 2010 Columbia University Lecture, Li Lu discussed the insight and temperament required to be a great investor. Here’s an excerpt from the lecture: When I started in the business in 1997, it was in the middle of the Asian Financial Crisis. A few years later there was the … Read More
Li Lu: How To Find Great Businesses
During this interview with Bruce Greenwald, Li Lu discusses how to find great businesses. Here’s an excerpt from the interview: Lu: Great businesses are the ones who really have above average returns of invested capital, but that kind of business usually attracts imitators and competitors. Everybody wants to have above … Read More
Li Lu – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Li Lu – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Li Lu: Investors Who Figure Out Their Own Style, And Stick To It, Will Have A Big Advantage
In this interview with the Graham & Doddsville Newsletter, Li Lu explained why investors who figure out their own style, and stick to it, will have a huge advantage. Here’s an excerpt from the newsletter: Li Lu: Part of the game of investing is to come into your own. You … Read More
Li Lu Top 10 Holdings – Q1 2022 – No New Buys
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Li Lu Top 10 Holdings – Q4 2021, Buys FB, BAC
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Li Lu On Munger’s Patience To Wait For The Right Opportunity
In his 2019 speech at the Peking University, Li Lu discussed an example of the patience of Charles Munger. Here’s an excerpt from the speech: The next character is also quite special. This person has to be extremely patient and very decisive. This is a contradiction. When there is no chance, … Read More
Li Lu Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Li Lu: China Is One Of The Best Markets For Value Investors
In an interview earlier this year with Bruce Greenwald, Li Lu discussed why China is one of the best markets for value investors. The interview was transcribed on roiss.substack.com. Here’s an excerpt from the interview: Bruce: Where do you see the unique challenges and opportunities of value investing in China? Li … Read More
Li Lu: The Right Temperament
In his latest fireside chat with Bruce Greenwald, Li Lu discusses the temperament required to be a successful investor. Here’s an excerpt from the chat: It is a hallmark of a good investor that you can sit through watching your portfolio down by 50 and not being affected at all. … Read More
Li Lu Hosts Discussion On COVID-19 With Experts From The Front Line In China
On March 13th, 2020, Himalaya Capital’s founder, Li Lu, organized and hosted a panel of experts leading the fight against COVID-19. Critical insights were shared from the front line of China’s fight against COVID-19, such as ICU lessons, the protocols put in place and the treatment methodologies and practices used … Read More
Li Lu: “The Market Is A Mechanism That Discovers Your Weaknesses. Any Fault/Defect You Have Will Be Magnified Infinitely, To The Point Of Complete Destruction.”
One of our favorite investors to follow here at The Acquirer’s Multiple is Li Lu, Founder and Chairman of Himalaya Capital. In 2015 Li Lu did a value investing lecture at Peking University titled – The Prospect of Value Investing in China, in which he provided a number of fantastic value … Read More
Li Lu – Investing Is About Intellectual Honesty. Know What You Don’t Know
One of our favorite value investors here at The Acquirer’s Multiple is Li Lu. He is the founder and Chairman of Himalaya Capital Management and was one of the student leaders of the 1989 Tiananmen Square student protests. He famously convinced Charlie Munger to become interested in BYD [a Chinese company which … Read More