The Chinese Warren Buffett: Billionaire Investing Legend Li Lu w/ Clay Finck (TIP636)

Published 2024-06-08
Clay dives into the investment approach of billionaire value investor Li Lu.

Li Lu is the Founder and Chairman of Himalaya Capital, a value investing firm where he has been managing its principal fund since 1997. Before his passing in 2023, Charlie Munger was an investor in the fund.

IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:44 - Li Lu’s background
00:12:01 - Timberland Investment
00:23:19 - Investing Approach
00:33:35 - Investing in China
00:41:35 - Alphabet

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📖 BOOKS MENTIONED:
- Moving the Mountain by Li Lu: amzn.to/3ReKukh
- Richer, Wiser, Happier by William Green: amzn.to/3VqDhQu

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All Comments (21)
  • 📌 Check out this video next: https://youtu.be/6o4LFH6zp6s ⚠ IMPORTANT: Please beware of cyber scams and phishing attacks. We will never ask for your contact info in the comments section. Kindly report suspicious accounts you see below. Thank you
  • @CP-wo4ou
    Loved it, another great episode Clay. Keep them coming!
  • @Allen-L-Canada
    This man is just above average smart, some of the stuff we average people cannot duplicate. His learning abilities, for example, of language, of critical thinking, plus his temperaments, are not something everyone can match. While I admire his talents, I remind myself that I cannot blindly do what he does, such as investing in a company not by dipping toes first, but by investing large (10% of portfolio) at the time.
  • @user-vk6vj5yn2x
    1st video I've watched on your channel. Great insight & so many gems!
  • @DavidMM255
    Thank you, Clay, you have done a fantastic job researching Li Lu. I have seen and read each of the documents and videos available about him and Mohnish, I know everything quite well from a distance and your summary is a great compilation of everything that is publicly available. Just one detail, about the non-disclosed positions of Himalaya Capital, I am quite convinced that a relatively large portion of the fund must be positioned in Tencent and I believe it must be via Prosus. There are several indicators for this, among others the excitement of Mohnish some time ago when talking in several of his podcasts about this company and how he switched from Alibaba to Prosus, just like Charlie’s massive sale of his position in Alibaba to capitalize on the losses offsetting with gains most likely to at the same time change to this other position in the falls of the Chinese stock market.
  • @l4k
    People underestimate how important it is to be an investor in USA or China, it's not all about skill and hard work.
  • @gregorypek151
    i am a Malaysian..i admire mr Li Lu so much.. i copy his 13 F portfolio, not only have good return, but also very comfortable of his buy and hold style..i mean no need to sell off overvalue stock for other undervalue frequently if i copy other great masters 13 F... i also copy his BYD idea.. he is genius and HUMBLE😊
  • Tu canal es único, aprender de estos grandes ídolos prácticamente gratis, desde la comodidad de tu hogar, seria impensado en otras épocas, saludos desde Argentina!!!!
  • His 13F shows average returns the last several years. Tremendous early success. Living off that reputation.
  • @anderson6379
    Impressive! U managed to talk through the entire protest section with innuendo only :-) Thanks for covering 🙏🙏
  • @pceb9621
    "I suspect that the 13F is just the tip of the iceberg, especially regarding investments that are only visible on the HKEX market."
  • Just a correction, in the episode you said Buffett would only give his money to 3 people: Seth Klarman, Li Lu and Greg Alexander. But Buffett has never said he would give his money to Greg Alexander, matter of fact he said he would give his money to Bill Ruane.
  • Nice content... But u should have held on to alphabet as a true disciple of Buffet for the longrun. Top quality, wide moat, high free cash flow, roce, buy backs and future growth run way.....
  • @dintogx
    Why did not add to turkish subtitle this video 😢