'For value investors, the market exists to serve them'
Wealth Insight|April 2023
Five key ideas for investing from Li Lu
'For value investors, the market exists to serve them'

Li Lu, famously known as one of the world's best-kept secrets, is a successful value investor. Since the inception of his firm Himalaya Capital Investors in 1998, he has managed to generate 26.4 per cent returns per annum. Interestingly, he is the only investment manager who has earned the trust of Charlie Munger. Describing Lu as 'Chinese Warren Buffett', Munger has entrusted his family money to Lu. Today, BYD, a Chinese electric-vehicle manufacturer, has a weightage of 1 per cent in Berkshire's portfolio. It was Li Lu only who introduced Buffett and Munger to this company. In this story, we have taken some interesting learning points from his speech at Peking University in China in 2019. You can watch the entire video here: https://bit.ly/3L90p4f 14

Diese Geschichte stammt aus der April 2023-Ausgabe von Wealth Insight.

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Diese Geschichte stammt aus der April 2023-Ausgabe von Wealth Insight.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.