Li Lu, founder of Himalaya Capital, runs a hedge fund with $15 billion under management, primarily focused on U.S. stocks. The fund is particularly notable for managing the late Charlie Munger's family assets, highlighting Lu's significant investment acumen and relationships in the finance world. In a recent interview commemorating Munger's passing, Lu discussed the concept of value investing, indicating it remains a minority practice among investors despite its importance and advocates like Warren Buffett. The fund's concentration shows its commitment to a few select stocks, emphasizing careful investment choices.
"In 30 years of practice, I have met many investors from all over the world. I feel that value investors will always be a small minority."
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