Meet Li Lu: An alumni of Warren Buffett, Tiananmen student leader, the next Berkshire investment head

July 30, 2010 at 5:23 pm Leave a comment

Here is an excerpt of Li Lu from wikipedia, he is credited for helping Berkshire hunt down BYD. Charlie Munger is impressed with him. Buffett may make him the next investment head to take over Buffett’s place when he’s gone.

Li Lu (simplified Chinese: 李录; traditional Chinese: 李錄; pinyin: Lǐ Lù; born 1966[1]) is a Chinese-American fund manager and investor, founder and Chairman of Himalaya Capital Management.

Li Lu was born and grew up in Tangshan, China. He was a survivor of 1976 Tangshan earthquake. In 1985, he went to Nanjing University and majored in Physics. In 1989, he participated in the Tiananmen Square student protests and became one of the student leaders.

After the crackdown of the movement, he left China and went to study at Columbia University. In 1990, he published a book about his experience in China titled “Moving the Mountain: My Life in China” (ISBN 0-399-13545-6). In 1996, he graduated from Columbia University and became one of the first students in the history of the University to receive three degrees simultaneously: a B.A. in Economics from Columbia College, a J.D. from Columbia Law School, and an M.B.A. from Columbia Business School.[2]

Upon graduation, Li Lu worked in an investment bank until late 1997, when he founded Himalaya Capital Management. From 1998 to 2004, he managed both a hedge fund and a venture capital fund. In late 2004, he transformed the hedge fund into a long only investment vehicle, LL Investment Partners, LP, which is currently focused on global investment opportunities. Charlie Munger, Vice-Chairman of Berkshire Hathaway and a long-time partner of legendary investor Warren Buffett, is an investor of his fund, and a “mentor and good friend” (in Li Lu’s own words).[3]

Li Lu has been known as the man who introduced the Chinese battery and auto maker BYD Company to Charlie Munger and Warren Buffett. He is an informal advisor to BYD. His LL Investment Partners owns about 2.5% of BYD.[4]

In May 2010, Li Lu helped to translate and publish the Chinese version of “Poor Charlie’s Almanack, The Wit and Wisdom of Charles T. Munger” (ISBN 978-7-208-08994-5) in China and wrote a foreword for the book.[5]

Li Lu was named a global leader for tomorrow by the World Economic Forum in 2001, and a Henry Crown fellow by the Aspen Institute in 1998. He is a member of Council on Foreign Relations and Young Presidents’ Organization.


Entry filed under: Investing.

Charlie Munger will surely agree with John Kay Inflation, Not Deflation, Mr. Bernanke

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