Significant Addition of Crocs Inc to Portfolio
- Finance
ThePostMaster- 0
- 7 minutes read
This article first appeared on GuruFocus.
Li Lu (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into his investment moves during this period. Born and raised in China, Li Lu (Trades, Portfolio) attended Columbia University, where he received three degrees simultaneously: B.A., J.D., and M.B.A. from Columbia College, Law School, and Business School. In 1997, he founded Himalaya Capital, a multibillion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S. Li Lu (Trades, Portfolio) currently serves as a member of the Board of Trustees of Columbia University and a member of the Board of Trustees of California Institute of Technology (Caltech). He is also a member of the Committee of 100, the Council on Foreign Relations, and an Aspen Institute Henry Crown Fellow. He is featured in the Smithsonian Institute’s Family of Voices, part of the ongoing Many Voices, One Nation exhibition at the National Museum of American History. He is the author of “Moving The Mountain: My Life in China” (1990 in English) and “Civilization, Modernization, Value Investing—and China” (2020 in Chinese). Li Lu (Trades, Portfolio)’s firm embraces the value investment principles of Benjamin Graham, Warren Buffett (Trades, Portfolio), and Charlie Munger. It primarily focuses on publicly traded companies in Asia, with an emphasis on China. The firm aims to achieve superior returns by being long-term owners of high-quality companies with a substantial economic moat, great growth potential, and are run by trustworthy people. Li Lu (Trades, Portfolio) said, “In making investments, I have always believed that you must act with discipline whenever you see something you truly like. To explain this philosophy, Buffett/Munger likes to use a baseball analogy that I find particularly illuminating, though I myself am not at all a baseball expert. Ted Williams is the only baseball player who had a .400 single-season hitting record in the last seven decades. In the Science of Hitting, he explained his technique. He divided the strike zone into 77 cells, each representing the size of a baseball. He would insist on swinging only at balls in his best cells, even at the risk of striking out, because reaching for the worst spots would seriously reduce his chances of success.”
