Although he was considered a candidate to succeed Warren Buffett at Berkshire Hathaway, Li Lu decided to exclude himself from the process, despite his close friendship with Charlie Munger.
Li Luknown as the ‘Warren Buffett‘ Chinese, is a recognized investor in the US, although his fame does not transcend as much in other latitudes. Born in China in 1966, he was a student leader in the 1989 protests in China Square. Tiananmenafter which he emigrated to the northern country and was educated in the Columbia University until 1996.
During his university years, he attended a conference by the Oracle of Omaha, which inspired him to dedicate himself to the world of finance and adopt the investment philosophy. After graduating, he founded Himalaya Capital Management in 1997 and has become one of the outstanding investors of the 21st century.
Li Lu: his strategy and investment portfolio
The investment philosophy of Li Lu is based on the principles of Benjamin Graham, Warren Buffett and Charles Munger, focusing on Asian companies, especially in China. Seeks to obtain superior long-term returns by investing in high-quality companies with a “economic moat“solid, great growth potential and reliable leadership.
Li Lu opts for a highly concentrated portfolio, focused on a few companies, after an exhaustive analysis of their commercial prospects and management teams. In the United States, its portfolio consists of only five securities, being Alphabet (Google parent company) its main investment with a weighting of 37%. It follows Bank of America with approximately 29%, and Berkshire Hathaway with 17%. Apple and East West Bancorp also have significant weight in your portfolioboth around 8%.
Although he was considered a candidate to succeed Warren Buffett at Berkshire Hathaway, Li Lu decided to exclude himself from the process, despite his close friendship with Charlie Munger. Its long-term investment approach and its dedication to the quality and reliability of companies are fundamental pillars of its investment strategy.
Source: Ambito
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