Li Lu (simplified Chinese: 李录; traditional Chinese: 李祿; pinyin: Lǐ Lù; born 1966 is a Chinese-American fund manager and investor, founder and Chairman of Himalaya Capital Management.
Li Lu was born and grew up in Tangshan, China. He was a survivor of 1976 Tangshan earthquake. In 1985, he went to Nanjing University, majored in Physics and later transferred to Economics. In 1989, he participated in the Tiananmen Square student protests and became one of the student leaders.
After the crackdown of the movement, he left China and went to study at Columbia University. In 1990, he published a book about his experience in China titled “Moving the Mountain: My Life in China” (ISBN 0-399-13545-6). In 1996, he graduated from Columbia University and became one of the first students in the history of the University to receive three degrees simultaneously: a B.A. in Economics from Columbia College, a J.D. from Columbia Law School, and an M.B.A. from Columbia Business School.
Upon graduation, Li Lu worked in an investment bank until late 1997, when he founded Himalaya Capital Management. From 1998 to 2004, he managed both a hedge fund and a venture capital fund. In late 2004, he transformed the hedge fund into a long only investment vehicle, LL Investment Partners, LP, which is currently focused on global investment opportunities. Charlie Munger, Vice-Chairman of Berkshire Hathaway and a long-time partner of legendary investor Warren Buffett, is an investor of his fund, and a “mentor and good friend” (in Li Lu’s own words).
Li Lu has been known as the man who introduced the Chinese battery and auto maker BYD Company to Charlie Munger and Warren Buffett. He is an informal advisor to BYD. His LL Investment Partners owns about 2.5% of BYD.
In May 2010, Li Lu helped to translate and publish the Chinese version of “Poor Charlie’s Almanack, The Wit and Wisdom of Charles T. Munger” (ISBN 978-7-208-08994-5) in China and wrote a foreword for the book.
Li was named a global leader for tomorrow by the World Economic Forum in 2001, and a Henry Crown fellow by the Aspen Institute in 1998. He is a member of Council on Foreign Relations and Young Presidents' Organization.
Li is also rumored to be the front runner to manage a large portion of Berkshire Hathaway's investment portfolio once Warren Buffett steps down. According to The Wall Street Journal, Charlie Munger once said "it is a foregone decision" that Li Lu is going to be a member of Berkshire's top investors team after Warren Buffett retired. This was also hinted several times in some conversations with Buffett.
bitcoin betting and exchange site
Saturday, July 31, 2010
Friday, July 30, 2010
mail from a trader
on wednesday 23/6/10 trader
xxx from Spain took his trading class
and was guided hand in hand till around
july 12
a little after a month he sends the blog this mail:
"this moment is special for me, i start win
every day more or less 100euros, very easy
and very happy."
Profit trading tennis 21-29 July
nothing feels better than receiving these mails from
traders around the world. really good job xxx well done!
keep it up and just be careful of the word easy,
nothing comes easy, you are simply doing a very good job.
consistent results are hard to get only few cam make it
every one that tried trading knows how hard it is.
so again thank you for this mail and congratulations
xxx from Spain took his trading class
and was guided hand in hand till around
july 12
a little after a month he sends the blog this mail:
"this moment is special for me, i start win
every day more or less 100euros, very easy
and very happy."
Profit trading tennis 21-29 July
nothing feels better than receiving these mails from
traders around the world. really good job xxx well done!
keep it up and just be careful of the word easy,
nothing comes easy, you are simply doing a very good job.
consistent results are hard to get only few cam make it
every one that tried trading knows how hard it is.
so again thank you for this mail and congratulations
Monday, July 26, 2010
Saturday, July 24, 2010
European recovery receives a boost by growth in Britain
The British economy grew at the fastest pace in four years
in the second quarter and German business confidence surged
to a three-year high this month, indicating Europe's recovery
may be stronger than forecast.
Britain's gross domestic product rose 1.1pc in the three months
through June, almost twice as fast as the gain predicted by
economists in a Bloomberg News survey, the Uk's Office for
National Statistics said in London yesterday.
In Munich, the closely watched Ifo institute said its business
climate index, based on a poll of 7,000 executives, jumped to
106.2 this month, confounding expectations of a decline.
The reports suggest two of Europe's largest economies are being
buoyed by slides in the pound and the euro just as factories
step up production to meet global demand.
"Europe is coming in relatively strong -- stronger than expected,"
said Laurent Bilke, an economist at Nomura International. But
"it's unlikely we'll sustain this level for long".
The euro rose against the dollar to top $1.29 before easing back
to $1.2847, while sterling surged 1pc to $1.5420.
"The latest data are reducing the risk of double-dip recession,"
European Central Bank Executive Board member Jose Manuel
Gonzalez-Paramo said. "The first indicators for July, for
example, are quite positive."
Gabriel Stein, analyst at Lombard Street Research in London,
said: "The German economy is likely to have seen exceptionally
strong growth in the second quarter, which probably will continue
in the third; but further out, prospects look less stellar.
in the second quarter and German business confidence surged
to a three-year high this month, indicating Europe's recovery
may be stronger than forecast.
Britain's gross domestic product rose 1.1pc in the three months
through June, almost twice as fast as the gain predicted by
economists in a Bloomberg News survey, the Uk's Office for
National Statistics said in London yesterday.
In Munich, the closely watched Ifo institute said its business
climate index, based on a poll of 7,000 executives, jumped to
106.2 this month, confounding expectations of a decline.
The reports suggest two of Europe's largest economies are being
buoyed by slides in the pound and the euro just as factories
step up production to meet global demand.
"Europe is coming in relatively strong -- stronger than expected,"
said Laurent Bilke, an economist at Nomura International. But
"it's unlikely we'll sustain this level for long".
The euro rose against the dollar to top $1.29 before easing back
to $1.2847, while sterling surged 1pc to $1.5420.
"The latest data are reducing the risk of double-dip recession,"
European Central Bank Executive Board member Jose Manuel
Gonzalez-Paramo said. "The first indicators for July, for
example, are quite positive."
Gabriel Stein, analyst at Lombard Street Research in London,
said: "The German economy is likely to have seen exceptionally
strong growth in the second quarter, which probably will continue
in the third; but further out, prospects look less stellar.
questions session end
from Slovenia to Russia to UK
people asked questions this afternoon
and all of them got the answers
thank you for reading the blog
we hope you got some answers
which can improve your trading
and hope to see some of you
during the us open
good night
people asked questions this afternoon
and all of them got the answers
thank you for reading the blog
we hope you got some answers
which can improve your trading
and hope to see some of you
during the us open
good night
ask a question
it's not a day for trading today
how ever readers can send mail
regarding trading at the us open
and get replay to mail with in
the next 6 hours
traders can come on line to
talk till 6:00 pm london time
have a good weekend
do not let greed and fear lead your trading
instead it's better if you concentrate on finding value.
"The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
Warren E. Buffett
how ever readers can send mail
regarding trading at the us open
and get replay to mail with in
the next 6 hours
traders can come on line to
talk till 6:00 pm london time
have a good weekend
do not let greed and fear lead your trading
instead it's better if you concentrate on finding value.
"The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
Warren E. Buffett
Friday, July 23, 2010
Bellucci v Seppi
continuing to deliver on our 4th practice match
different traders different countries different stakes
but everybody brings! hola!!!
Thursday, July 22, 2010
US Open Men's Field Announced
The USTA announced that reigning French Open and Wimbledon Champion Rafael Nadal, five-time US Open champion Roger Federer and defending US Open Champion Juan Martin Del Potro, who is expected to return to Grand Slam competition after missing the French Open and Wimbledon earlier this year, lead the men’s singles field for the 2010 US Open Tennis Championships. The player field also features former US Open champions Andy Roddick and Lleyton Hewitt. Each of the world’s top 98 men received direct entry into the US Open, representing 33 countries.
The 2010 US Open will be played August 30 – September 12 at the USTA Billie Jean King National Tennis Center in Flushing Meadows, N.Y. Both the men’s and women’s US Open singles champions will earn $1.7 million with the ability to earn an additional $1 million in bonus prize money (for a total $2.7 million potential payout) based on their performances in the Olympus US Open Series. The US Open Men’s Singles Championship is presented by Mercedes-Benz USA.
just a nice espn clip
The 2010 US Open will be played August 30 – September 12 at the USTA Billie Jean King National Tennis Center in Flushing Meadows, N.Y. Both the men’s and women’s US Open singles champions will earn $1.7 million with the ability to earn an additional $1 million in bonus prize money (for a total $2.7 million potential payout) based on their performances in the Olympus US Open Series. The US Open Men’s Singles Championship is presented by Mercedes-Benz USA.
just a nice espn clip
Bellucci v Kohlschreiber
today session felt really good. almost like a
grand slam actually, with many traders joining
in and getting the feel of it. from UK Germany
and Croatia.
if you consider trading the slam with us, i strongly
suggest to join at this early stage and get a feel
for some of those matches we follow and trade.
it's not over night to be a good trader and now
is the time to practice to get the job done right
during the grand slam.
following play today
following matches will continue
today. come online if you can.
top traders from around the world
are slowly coming in to refresh
and update before the us open.
trading classes are all booked
in advance for a week.
today. come online if you can.
top traders from around the world
are slowly coming in to refresh
and update before the us open.
trading classes are all booked
in advance for a week.
Wednesday, July 21, 2010
Facebook user base tops 500 million
As of this morning, there are now more than 500 million
Facebook users. Put another way, that means about one out
of every 14 people on planet Earth is on Facebook.
Facebook, by far the world’s largest social network,
announced it had crossed the 400 million user threshold
in February of this year, which means the Palo Alto,
California-based company added 100 million new users
in about six months.
“This is an important milestone for all of you who have
helped spread Facebook around the world,” said Facebook
chief executive and founder Mark Zuckerberg in a post on
the official Facebook blog.
“Now a lot more people have the opportunity to stay
connected with the people they care about.”
“Our mission at Facebook is to help make the world more
open and connected,” Mr. Zuckerberg said.
“Stories like these are examples of that mission and are
both humbling and inspiring. I could have never imagined
all of the ways people would use Facebook when we were
getting started 6 years ago.”
Facebook users. Put another way, that means about one out
of every 14 people on planet Earth is on Facebook.
Facebook, by far the world’s largest social network,
announced it had crossed the 400 million user threshold
in February of this year, which means the Palo Alto,
California-based company added 100 million new users
in about six months.
“This is an important milestone for all of you who have
helped spread Facebook around the world,” said Facebook
chief executive and founder Mark Zuckerberg in a post on
the official Facebook blog.
“Now a lot more people have the opportunity to stay
connected with the people they care about.”
“Our mission at Facebook is to help make the world more
open and connected,” Mr. Zuckerberg said.
“Stories like these are examples of that mission and are
both humbling and inspiring. I could have never imagined
all of the ways people would use Facebook when we were
getting started 6 years ago.”
an extremely nice class tonight
a trader from Italy rejoined us tonight
he was trading here in 2008 and will now
join us again for the us open
next class on sat
he was trading here in 2008 and will now
join us again for the us open
next class on sat
Bellucci v Bolelli
another good trade on route to us open
brought to you while the match is still played
trading class tonight
tonight another trading class
will be offered to our readers
on route to the us open
will be offered to our readers
on route to the us open
Tuesday, July 20, 2010
Simon v Nieminen
Hamburg is a very nice tournament to follow and keep an
eye on good players. the conditions for trading are far from best.
there was no live trade here.
Monday, July 19, 2010
World's Largest Skateboard Disaster
classes will be offered during the weekend again
if you like to take a class mail: rc.177@hotmail.com
now is the time to get ready for the next trading event
Thursday, July 15, 2010
Monday, July 12, 2010
Viva España
congratulations to spain on winning the world cup!
i am sure Nadal who was at the stadium was very happy
now with the world cup over it will be easier
to schedule trading classes and get ready for
the coming us open
the time for trading again will come soon
it's best to stay away now and do some home work
if you want to join mail rc.177@hotmail.com
Saturday, July 10, 2010
Uruguay v Germany
nice over 100% return on risk for our traders
just before tonight's trading class begins
total risk was 150, over over 200% profit
Friday, July 9, 2010
trading classes tomorrow
tomorrow (sat) trading classes
will take place in the evening
if you got your mail confirmation
all you have to do is show up in time
if you did not get confirmation
and would like to join please
mail rc.177@hotmail.com
will take place in the evening
if you got your mail confirmation
all you have to do is show up in time
if you did not get confirmation
and would like to join please
mail rc.177@hotmail.com
Soon in Miami HEAT Vamos LeBron!
MIAMI, July 8 – Miami HEAT President Pat Riley and HEAT guard Dwyane Wade released the following statements tonight:
PAT RILEY:
“We are thrilled that LeBron James and Chris Bosh have decided to come to Miami to join forces with our truly great player, Dwyane Wade. We are looking forward to the opportunity of building something that our fans in Miami will be proud of for a long, long time. The journey is just beginning.”
DWYANE WADE:
“I am thrilled to welcome LeBron James to the HEAT family. I look forward to playing alongside LeBron, Chris Bosh and our teammates, and together representing the great city of Miami. There's magic in the number 3. This is the beginning of new chapter in HEAT history and very exciting for both fans of the Miami HEAT and the NBA.”
Thursday, July 8, 2010
Nasa tests confirm Jabulani is 'unpredictable'
American space agency Nasa has joined the growing list of critics
of the official World Cup match ball after subjecting the Jabulani
to a series of aerodynamic tests.
Analysis compiled by NASA’s Ames Investigation Centre experts, who
specialise in the field of aerodynamics, revealed that the Jabulani
becomes unpredictable at speeds in excess 44mph.
Further criticisms voiced by a host of World Cup players, before
and during the tournament, of the ball's inconsistent flight
patterns have been attributed to it's ultra light weight of
just 440 grams which makes it vulnerable to a force known as
the ‘knuckle effect’.
NASA also believe that the effects of altitude could have increased
the unpredictability of the ball with most stadiums in South Africa
at least 1,000 metres above sea level.
it's not the best time to trade now, we will be back trading soon.
readers are welcome to join the trading classes taking place at
the moment. don't wait till the last moment we are already
practicing for the us open 30/8
Wednesday, July 7, 2010
Sunday, July 4, 2010
Berdych v Nadal
many traders from around the world joined us for this trade
and now we will start the long road of practice sessions again
till the us open thank you very much for joining this tournament
and if you like to take a trading class mail rc.177@hotmail.com
join our live trading
thank you for joining our
special trading class today
join our live session on Wimbledon final
good luck to our readers
special trading class today
join our live session on Wimbledon final
good luck to our readers
Saturday, July 3, 2010
sunday morning class
tomorrow morning at 11:00am
a trading class will be given
to readers who asked for it.
later you are welcome join us for
the live trading session on the final
those who participate in the class tomorrow
get a special bonus live trading the final
with us and the us open in full at august.
if you like to join this class
mail: rc.177@hotmail.com
a trading class will be given
to readers who asked for it.
later you are welcome join us for
the live trading session on the final
those who participate in the class tomorrow
get a special bonus live trading the final
with us and the us open in full at august.
if you like to join this class
mail: rc.177@hotmail.com
Friday, July 2, 2010
Netherlands v Brazil
Value Value Value! no matter where!
we got some good traders in here congratulations JB!
live trading again
and after the hard work in
class for hours last night
it's time for trading again
good luck
class for hours last night
it's time for trading again
good luck
Thursday, July 1, 2010
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