Li Lu's Strategic Moves: Significant Reduction in Bank of America Corp Holdings

5 hours ago 3

GuruFocus News

Thu, May 15, 2025, 4:33 PM 3 min read

Li Lu (Trades, Portfolio) precocious submitted the 13F filing for the archetypal 4th of 2025, providing insights into his concern moves during this period. Born and raised successful China, Li Lu (Trades, Portfolio) attended Columbia University, wherever helium received 3 degrees simultaneously: B.A., J.D., and M.B.A. from Columbia College, Law School, and Business School. In 1997, helium founded Himalaya Capital, a multibillion-dollar concern steadfast that chiefly focuses connected semipermanent concern opportunities successful Asia and the U.S. Li Lu (Trades, Portfolio) presently serves arsenic a subordinate of the Board of Trustees of Columbia University and a subordinate of the Board of Trustees of California Institute of Technology (Caltech). He is besides a subordinate of the Committee of 100, the Council connected Foreign Relations, and an Aspen Institute Henry Crown Fellow. He is featured successful the Smithsonian Institute's Family of Voices, portion of the ongoing Many Voices, One Nation accumulation astatine the National Museum of American History. He is the writer of "Moving The Mountain: My Life successful China" (1990 successful English) and "Civilization, Modernization, Value Investing---and China" (2020 successful Chinese). Li Lu (Trades, Portfolio)'s steadfast embraces the worth concern principles of Benjamin Graham, Warren Buffett (Trades, Portfolio), and Charlie Munger. It chiefly focuses connected publically traded companies successful Asia, with an accent connected China. The steadfast aims to execute superior returns by being semipermanent owners of high-quality companies with a important economical moat, large maturation potential, and are tally by trustworthy people. Li Lu (Trades, Portfolio) said, "In making investments, I person ever believed that you indispensable enactment with subject whenever you spot thing you genuinely like. To explicate this philosophy, Buffett/Munger likes to usage a shot analogy that I find peculiarly illuminating, though I myself americium not astatine each a shot expert. Ted Williams is the lone shot subordinate who had a .400 single-season hitting grounds successful the past 7 decades. In the Science of Hitting, helium explained his technique. He divided the onslaught portion into 77 cells, each representing the size of a baseball. He would importune connected swinging lone astatine balls successful his champion cells, adjacent astatine the hazard of striking out, due to the fact that reaching for the worst spots would earnestly trim his chances of success."