We Study Billionaires - The Investor’s Podcast Network TIP636: Billionaire Investing Legend Li Lu w/ Clay Finck
30 snips
Jun 9, 2024 Explore the fascinating journey of Li Lu from a troubled childhood in China to becoming a billionaire value investor. Discover his unique investment philosophy, including four key principles that guide his decisions. Delve into his insights on navigating the Chinese market and learn about his significant holdings, particularly Alphabet. The discussion also highlights the importance of trust in investments, emphasizing strategies for thriving amidst economic volatility.
AI Snips
Chapters
Books
Transcript
Episode notes
Li Lu's Difficult Early Life
- Li Lu overcame immense hardship early in life, including surviving an earthquake and escaping communist China.
- He arrived in the US with no money and unable to speak English but still earned three degrees simultaneously from Columbia University.
Value Investing Principles
- Consider value investing; it requires hard work, good judgment, and mathematical skills.
- It also entails buying good securities at bargain prices, offering potentially high rewards with limited risks.
Timberland Investment
- Li Lu invested in Timberland when its price fell due to the Asian financial crisis.
- He thoroughly researched the company, including reading lawsuits and interviewing people connected to the management.
