Li Lu On Developing Value Skill

Li Lu often gets left out of the roll-call of value investors, but he doesn’t deserve to be. Unlike leading value investors, such as Seth Klarman and Warren Buffett, Li Lu keeps a relatively low profile. Lu was inspired to get into banking by Buffett after hearing him speak at Columbia in 1993. Upon graduation, he worked in an investment bank until late 1997, when he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing. Li’s returns were so impressive, and his skill so evident that Charlie Munger, Vice-Chairman of Berkshire Hathaway became an investor and a “mentor and good friend” in…