Li Lu is an investor and businessman who founded Himalaya Capital. He was born in China, but he currently resides in the United States. He studied at Columbia University where he listened to a lecture from Warren Buffett which inspired him to buy his first stocks. There were rumors that Li Lu would take over Warren Buffett's position at Berkshire Hathaway once Buffett steps down but in 2010 Li Lu withdrew himself from consideration for the job.
Li Lu's investment portfolio demonstrates a strategic focus on finance and technology stocks. The top holding is Bank of America Corp., claiming a significant 29.0% of his investments, illustrating Li Lu's confidence in the banking sector's future. Alphabet Inc. garners a combined presence with its Class C and Class A ordinary shares taking up 21.7% and 18.0%, respectively—showcasing a strong belief in this tech giant. Berkshire Hathaway Inc.'s Class B shares represent another substantial portion at 16.2%, reflecting trust in the value-oriented approach of Warren Buffett’s firm. Lastly, East West Bancorp, Inc. makes up 9.1% of the portfolio, indicating a targeted investment towards regional banking growth. This concise summary provides potential investors insights into Li Lu's top stock picks and investment strategy within equity markets.
Li Lu was born and raised in Tangshan, China. He is a survivor of the 1976 Tangshan earthquake. In 1985 he went to Nanjing University, majoring in physics, later switching to economics. In 1989, he participated in the student protests in Tiananmen Square (also known as the Tian'anmen Massacre) and became one of the student leaders. He helped organise the students and participated in a hunger strike. He fled the People's Republic of China with the help of the organisation Operation Yellowbird.
He left China to study at Columbia University in the United States. In 1990, he published a book about his experience with China entitled Moving the Mountain: My Life in China.