Li Lu

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This is a Chinese name; the family name is Li.

Li Lu (born April 6, 1966 in Tangshan ) is a Chinese- born American investment banker , investment advisor and hedge fund manager. He is the founder and chairman of the Himalayan wealth management. Li was one of the student leaders of the Tiananmen Square student protests in 1989, an experience he recounted in a book in 1990. The book is entitled: Moving the Mountain: My Life in China ( Moving Mountains: My Life in China). The book was the basis of a documentary film in 1994 directed by Michael Apted .

Early Years & Protests

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 , and later switched 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 organize the students and went on a hunger strike . He fled the People's Republic of China with the help of Operation Yellowbird .

After the suppression of the movement, he left China and studied at Columbia University in the United States . In 1990 he published a book about his experience in China called Moving the Mountain: My Life in China ISBN 0-399-13545-6 . The book was the basis for the 1994 documentary "Moving the Mountain" produced by Trudie Styler and directed by Michael Apted. The director explored the origins of the Tiananmen Square (also called Tiananmen Square) protests in 1989 and the consequences the movement had on the lives of several student leaders.

Wedding in Tiananmen Square

“Students are now struggling with the courage that defies death for a life worth living. My slogan is: We have to fight, but we also have to get married. "

On May 22nd, 1989, Li Lu and his girlfriend Zhao Ming were married at the Heroes Monument. It was a symbolic marriage that did not offer wedding candy and wine, but bread and salt water. Zhang Boli prepared a marriage certificate and stamped it with the hunger strike headquarters' stamp, making it "absolutely official." It was also Chai Ling and Feng Congde's first wedding anniversary .

Students gathered at the wedding to congratulate the couple and sang the wedding march that gradually turned into The Internationale . In the documentary "Moving the Mountain", Li is portrayed as he kissed Chai on the cheek during his wedding ceremony. This kiss and ceremony was symbolic as it was intended to remove the traditional restrictions on courtship and celebrate love as liberation. Many who attended the wedding saw the joyful moment as a symbol of hope and happiness. Their marriage was viewed as a "bright backdrop" by the movement. Li called it "marriage on the execution floor". Towards the end of his memoir , Moving the Mountain , Li made no mention of his married life after the June 4th crackdown. Zhao Ming has not been reported on since then.

education

Li received his PhD from Columbia University and received three concurrent degrees in 1996: a BA in Economics, and an MBA and Juris Doctor (JD).

Banking career

After hearing a lecture by Warren Buffett , a former Columbia student, in 1993, Li Lu decided to get into banking . After graduating, Li worked for an investment bank until the end of 1997 when he founded Himalaya Capital Management , which is known for its disciplined and value-oriented investment approach. From 1998 to 2004 he managed both a hedge fund and a venture capital fund . His fund suffered a loss of 19 percent in 1998 due to the Asian crisis . In late 2004, he converted the hedge fund into the long-only investment vehicle LL Investment Partners , which focuses on global investment opportunities.

Charlie Munger , vice chairman of Berkshire Hathaway and a long-time partner of legendary investor Warren Buffett, is one of the fund's investors and a "mentor and good friend," said Li Lu. Li is known as the man who introduced Charlie Munger and Warren Buffett to Chinese battery and automaker BYD. He is an informal advisor to BYD. LL Investment Partners own approximately 2.5 percent of BYD.

The firm had had a "phenomenal" balance sheet since 1998, with returns of around 30 percent a year, during a period of general stagnation in the market.

Li Lu's investment mantra is "accurate and complete information," including understanding the character of a business executive by visiting your local church and speaking to your neighbors. The company once managed the money of Charlie Munger, Warren Buffett's partner.

Himalaya has invested heavily in Aereo, among other companies.

It has been rumored that once Warren Buffett resigns, Li will be the lead candidate to manage a large portion of Berkshire Hathaway's investment portfolio. According to The Wall Street Journal , Charlie Munger once said "it is a predetermined decision" that Li Lu will join Berkshire's top investing team after Warren Buffett retires. This has been suggested several times in some conversations with Buffett.

In May 2010, Li helped translate and publish the Chinese version of the book Poor Charlie's Almanack, The Wit and Wisdom of Charles T. Munger , ISBN 978-7-208-08994-5 , and wrote a foreword for it Book.

Awards

Li has been prepared by the World Economic Forum in 2001 to the world market leader and 1998 by the Aspen Institute named Henry Crown fellow. He is a member of the Board of Directors for Knovel, a member of the Council on Foreign Relations and the Young Presidents Organization. In 2020, Li was elected to the American Academy of Arts and Sciences .

publication

Web links

Individual evidence

  1. ↑ Date information sourced from Library of Congress Authorities data , via corresponding WorldCat Identities, linked authority file (LAF), accessed on August 27, 2017
  2. ↑ a b c d e f g Li Lu, Moving the Mountain: My Life in China from the Cultural Revolution to Tiananmen Square , Macmillan, p. 174, January 1, 1990, ISBN 978-0-333-53910-1 , accessed on August 27, 2017
  3. ↑ a b Moving the Mountai n, directed by Michael Apted, Los Angeles, CA: Hallmark Home Entertainment, 2000, DVD , accessed on August 27, 2017
  4. ↑ Samson Lee, Natalie Wong, Praise for Brit agents who helped students , The Standard, July 12, 2011, accessed August 27, 2017
  5. ^ A b c d Li Lu, Moving the Mountain: My Life in China from the Cultural Revolution to Tiananmen Square, Macmillan, p. 173, January 1, 1990, ISBN 978-0-333-53910-1
  6. ↑ Chai Ling, A Heart for Freedom: The Remarkable Journey of a Young Dissident, Her Daring Escape, and Her Quest to Free China's Daughters, Carol Stream: Tyndale Momentum Publishers, p. 157, October 4, 2011, ISBN 978-1- 4143-6246-5
  7. ↑ 2005 Columbia Investment Management Conference , Columbia Business School, 2005, accessed August 27, 2017
  8. ^ A b Li Lu, Asia Society , Southern California (PDF), 2012, accessed August 27, 2017
  9. ^ Brian Flores, Li Lu Reflects on Getting Older , Gurufocus, April 10, 2016, accessed August 27, 2017
  10. ↑ Li Lu's Foreword for the Chinese version of Poor Charlie's Almanack , (Chinese), May 21, 2010, accessed August 27, 2017
  11. ↑ a b Marc Gunther, Buffett's Chinese electric car company , Marcgunther.com, April 13, 2009, accessed August 27, 2017
  12. ↑ Buffett-ites or Bluff-it-ites? (PDF), Value Investment Institute, September 1, 2010, accessed August 27, 2017
  13. ^ Aereo Announces Additional $ 34 Million Financing Round , Highland Capital Partners, January 7, 2014, accessed August 27, 2017
  14. ^ Susan Pulliam, From Tiananmen Square to Possible Buffett Successor , The Wall Street Journal, July 30, 2010, accessed August 27, 2017
  15. ↑ Janet Maslin, FILM REVIEW: MOVING THE MOUNTAIN; Upheaval in China: Real Recollections, False Flashbacks , The New York Times, April 26, 1995, accessed August 27, 2017
personal data
SURNAME Li, Lu
BRIEF DESCRIPTION Chinese dissident
DATE OF BIRTH April 6, 1966
PLACE OF BIRTH Tangshan , Hebei Province , China