There has been a lot of buzz in the value blogsphere about Li Lu recently. Some have suggested that he might be Buffett's successor at Berkshire Hathaway for Chief Investment Officer. Some have stated that he introduced Munger to BYD, which Berkshire has made a very good return on.
Li Lu is definately an interesting person, and someone I am sure the value world will be following over the next few years.
I found an old article from the Observer.com from 1998 about Li Lu. Li Lu discusses the tech bubble he gets a bit graphic ( you will understand when you read the article what I mean), and eventually predicts its crash. I think so far this article has gone largely undiscovered by the value world.
I will post the beginning of the article and link to the rest.
Li Lu, a student leader in the Tiananmen Square uprising, has jumped headlong into the bull market. In January, he rented two rooms of office space on the 15th floor of 660 Madison Avenue, and, equipped with a phone, a computer and a Bloomberg machine, he got to work investing other people's money, running a high-risk hedge fund called Himalaya Capital Partners L.P. The minimum investment is $1 million.
In setting up the fund, Mr. Li said he's experiencing firsthand the capitalism and democracy he was fighting for in his homeland. "Free man, free market," is a phrase he invokes often.
Mr. Li is 32 years old. He wears Armani suits that he buys at a factory outlet; he lives in one of those bland modern towers on the East Side. While other Wall Street hotshots his age may have endured the trauma of not getting into the business schools or investment banks of their choice, Mr. Li has survived poverty, separation from his family (his parents were forced into labor camps) and a devastating earthquake. When he escaped to America after hundreds of his fellow protestors were killed in Beijing, he was one of the most wanted dissidents in China.
For the rest of the article _click here.
Li Lu is definately an interesting person, and someone I am sure the value world will be following over the next few years.
I found an old article from the Observer.com from 1998 about Li Lu. Li Lu discusses the tech bubble he gets a bit graphic ( you will understand when you read the article what I mean), and eventually predicts its crash. I think so far this article has gone largely undiscovered by the value world.
I will post the beginning of the article and link to the rest.
Li Lu, a student leader in the Tiananmen Square uprising, has jumped headlong into the bull market. In January, he rented two rooms of office space on the 15th floor of 660 Madison Avenue, and, equipped with a phone, a computer and a Bloomberg machine, he got to work investing other people's money, running a high-risk hedge fund called Himalaya Capital Partners L.P. The minimum investment is $1 million.
In setting up the fund, Mr. Li said he's experiencing firsthand the capitalism and democracy he was fighting for in his homeland. "Free man, free market," is a phrase he invokes often.
Mr. Li is 32 years old. He wears Armani suits that he buys at a factory outlet; he lives in one of those bland modern towers on the East Side. While other Wall Street hotshots his age may have endured the trauma of not getting into the business schools or investment banks of their choice, Mr. Li has survived poverty, separation from his family (his parents were forced into labor camps) and a devastating earthquake. When he escaped to America after hundreds of his fellow protestors were killed in Beijing, he was one of the most wanted dissidents in China.
For the rest of the article _click here.
