Li Lu is a prominent Chinese-American investor and hedge fund manager. He is best known for founding Himalaya Capital Management, which he manages. Here are some key points about him:
Early Life and Education: Li Lu was born in China in 1966. He was a student leader during the Tiananmen Square protests in 1989, after which he moved to the United States. He attended Columbia University, where he earned degrees in economics, business, and law.
Investment Career: Li Lu founded Himalaya Capital Management in the 1990s, focusing on long-term value investing. His investment philosophy is heavily influenced by Warren Buffett and Charlie Munger, and he is known for his deep research and value-oriented approach.
Relationship with Charlie Munger: Li Lu has a close relationship with Charlie Munger, the vice chairman of Berkshire Hathaway. Munger has praised Li Lu’s investment acumen and has entrusted him with managing part of his family’s investments. This relationship has further cemented Li Lu’s reputation in the investment community.
Philanthropy and Public Speaking: Besides his investment work, Li Lu is involved in various philanthropic efforts. He is also a frequent speaker at investment conferences and has shared his insights on value investing and global markets.
Author: Li Lu wrote a book titled “Moving the Mountain: My Life in China,” where he describes his experiences during the Tiananmen Square protests and his journey to the United States.
Li Lu is regarded as one of the most successful value investors of his generation, and his insights and investment strategies are highly respected in the financial community.
What are some of the Best Li Lu Quotes about Investing, Success, Money and Politics?
Investing is about intellectual honesty. You want to know what you know. You want to know, mostly, what you don’t know.
Li Lu
Whatever you are is because of what your ancestors have done.
Li Lu
The game of investing is a process of discovering who you are, what you’re interested in, what you’re good at, what you love to do, then magnifying that until you gain a sizable edge over all the other people.
Li Lu
Politically, China suppresses its people, but because the government allows some freedom in economic matters, business has become the ultimate expression of individuality.
Li Lu
Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don’t know. That’s your probability edge.
Li Lu
You can’t imagine a free market coupled with a dictatorship.
Li Lu
In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?
Li Lu
Everyone has blind spots, and even the brightest people are no exceptions.
Li Lu
I have three lovely children. They are beautiful, talented, and kind-hearted. I’m most proud of them. I love them so much that I will never want to burden them with a large amount of inherited wealth.
Li Lu
To us, anyone who opposes dictatorship is our friend. Those who support it, our enemy.
