Li Lu: It’s Best To Spend Years Studying Companies

This is the second part of a short series on an interview with Himalaya Capital’s founder and manager Li Lu. Part one is here: Li Lu: Warren Buffett’s “Indifference” Towards Making Money Is His Key To Success Q1 hedge fund letters, conference, scoops etc Li Lu’s multi-year research process When asked about his research process, and how long it generally takes to evaluate an opportunity, Li Lu replied that the time it takes to understand a business varies, but it is “generally quite difficult” to decide on a potential investment without “many years of research.” If you’re looking for value stocks, and exclusive…