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person1997–present

Li Lu

Disciplines:
investing
value investing
capital allocation
investing/china investing

Summary

Chinese-American investor who founded Himalaya Capital — a concentrated value investment fund — and who is Charlie Munger's most trusted investment peer, having been recommended by Munger as potentially the best investor in the world, and having introduced Munger to BYD.

Core Contribution

Demonstrated concentrated value investing in Chinese markets at a time when Western investors were either ignoring China or investing in indexes — and pioneered the conviction-based China investment approach that led to the enormously successful BYD investment that Munger and Berkshire made on his recommendation.

Historical Influences

Charlie Munger Benjamin Graham value investing tradition

Intellectual Lineage

Tiananmen Square Student LeaderDartmouth and Columbia EconomicsCharlie Munger Mentorship

Contemporaries & Peers

Charlie Munger Warren Buffett Nick Sleep

Minds Influenced

Berkshire's BYD investmentChina value investing approach

Intellectual Posterity

Himalaya Capital BYD investment thesisCharlie Munger's stated favorite investor

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Li Lu

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