Related Research Articles
Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world. As of June 2024, he had a net worth of $135 billion, making him the tenth-richest person in the world.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Founded in 1839 as a textile manufacturer, it transitioned into a major conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger.
Benjamin Graham was a British-born American financial analyst, investor and professor. He is widely known as the "father of value investing", and wrote two of the discipline's founding texts: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed independent thinking, emotional detachment, and careful security analysis, emphasizing the importance of distinguishing the price of a stock from the value of its underlying business.
Charles Thomas Munger was an American businessman, investor, and philanthropist. He was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Buffett described Munger as his closest partner and right-hand man, and credited him with being the "architect" of modern Berkshire Hathaway's business philosophy.
Wesco Financial Corporation was an American diversified financial corporation headquartered in Pasadena, California. Wesco was originally the holding company for Mutual Savings, a savings and loan association. Mutual Savings' thrift operations were sold to CenFed Bank in 1993. It was for a long time 80.1% owned by Blue Chip Stamps, which is now completely and fully owned by Berkshire Hathaway, which is controlled by legendary investor Warren Buffett. Charlie Munger, the vice-chairman of Berkshire Hathaway and Buffett's business partner, was CEO and chairman of Wesco from 1984 to 2011. Munger, formerly a practicing attorney, is known for his straight-shooting style and his conduct at the now discontinued Wesco shareholder meetings in Pasadena, where he used to interact with the outside investors at considerable length. In June 2011, Berkshire Hathaway acquired the approximately 20% of Wesco that it did not already own, making it a wholly owned subsidiary of that company.
Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. Modern value investing derives from the investment philosophy taught by Benjamin Graham and David Dodd at Columbia Business School starting in 1928 and subsequently developed in their 1934 text Security Analysis.
David LeFevre Dodd was an American educator, financial analyst, author, economist, and investor. In his student years, Dodd was a protégé and colleague of Benjamin Graham at Columbia Business School.
Janet Celesta Lowe was an American journalist, newspaper editor, and writer.
Growth investing is a type of investment strategy focused on capital appreciation. Those who follow this style, known as growth investors, invest in companies that exhibit signs of above-average growth, even if the share price appears expensive in terms of metrics such as price-to-earnings or price-to-book ratios. In typical usage, the term "growth investing" contrasts with the strategy known as value investing.
Howard Graham Buffett is an American businessman, former politician, philanthropist, photographer, farmer, and conservationist. He is the middle child of billionaire investor Warren Buffett. He is named after Howard Buffett, his grandfather, and Benjamin Graham, Warren Buffett's favorite professor.
Ruane Cunniff LP, based in New York City, is the investment firm founded in 1969 by William J. Ruane, Richard T. Cunniff and Robert Goldfarb.
David Sanford "Sandy" Gottesman was an American businessman, billionaire, and philanthropist. He founded First Manhattan Co. (FMC), and was noted for his friendship with Warren Buffett.
BYD Company Limited or BYD is a publicly listed Chinese multinational manufacturing conglomerate headquartered in Shenzhen, Guangdong, China. It is a vertically integrated company with several major subsidiaries, including BYD Auto which produces automobiles, BYD Electronics which produces electronic parts and assembly, and FinDreams, a brand name of multiple companies that produces automotive components and electric vehicle batteries.
Poor Charlie's Almanack is a collection of speeches and talks by Charlie Munger, compiled by Peter D. Kaufman. First published in 2005 (ISBN 1-57864-303-1), it was released in an expanded edition (ISBN 1-578-64501-8) three years later. It was republished in 2023 by Stripe Press, shortly before Munger's death.
Wang Chuanfu is a Chinese chemist, billionaire entrepreneur, and the founder, chairman and CEO of BYD Company.
Howard Warren Buffett is an American philanthropist, political consultant, political scientist, and writer. A grandson of the American businessman and investor Warren Buffett, he is an adjunct professor in public policy and international affairs at Columbia University's School of International and Public Affairs and was previously the executive director of the Howard G. Buffett Foundation, a private philanthropic foundation that funds initiatives aimed at improving the standard of living and quality of life for the world’s most impoverished and marginalized populations. He previously led agriculture-based economic stabilization and redevelopment programs in Iraq and Afghanistan while at the United States Department of Defense, and as a policy advisor in the Executive Office of the President of the United States under President Barack Obama.
A circle of competence is the subject area which matches a person's skills or expertise. The concept was developed by Warren Buffett and Charlie Munger as what they call a mental model, a codified form of business acumen, concerning the investment strategy of limiting one's financial investments in areas where an individual may have limited understanding or experience, while concentrating in areas where one has the greatest familiarity. The strategy emphasizes the importance of aligning one's subjective assessment with actual competence. Buffett summarized the concept in the motto, "Know your circle of competence, and stick within it. The size of that circle is not very important; knowing its boundaries, however, is vital."
Becoming Warren Buffett is a 2017 documentary film about Warren Buffett and his life. The film was made for HBO.
The Asian American Foundation (TAAF) is an American foundation founded in 2021 by a group of prominent Asian Americans and Pacific Islanders, aiming to support an array of Asian American and Pacific Islander causes and create a national infrastructure for a community that has faced an increasing number of racial attacks. Launched with $250 million, TAAF is described by organizers as the largest-ever philanthropic effort to support the AAPI community in history. The founders include Joe Tsai, Joseph Bae, Li Lu, Peng Zhao, Sheila Lirio Marcelo, Jerry Yang, Angela Chao and Jonathan Greenblatt. Its Founding Advisory Council members include Daniel Dae Kim, Lisa Ling, Condoleezza Rice, Jeremy Lin and more. The organization is chaired by Li Lu, and Norman Chen is the Chief Executive Officer (CEO).
Himalaya Capital (Himalaya) is an American investment management firm based in Seattle, Washington. The firm takes a value investing approach in Asia companies mainly in China. It is founded by Li Lu who has been dubbed the "Chinese Warren Buffett".
References
- ↑ Date information sourced from Library of Congress Authorities data, via corresponding WorldCat Identities linked authority file (LAF) .
- ↑ "Asian-American leaders launch US$250 million effort to combat hate". South China Morning Post. May 4, 2021. Retrieved August 31, 2021.
- 1 2 3 "Family of Voices - Li Lu," Smithsonian, retrieved 25 August 2021.
- 1 2 Olcott, Eleanor (September 7, 2023). "No other investor has a life story quite as unbelievable as Li Lu". Financial Times. Retrieved April 9, 2024.
- ↑ Moving the Mountain, directed by Michael Apted (Los Angeles, CA: Hallmark Home Entertainment, 2000), DVD.
- ↑ Li Lu, Moving the Mountain, 174.
- ↑ Li Lu, Moving the Mountain, 173.
- ↑ Ling Chai, A Heart for Freedom. Carol Stream, Illinois: Tyndale House, 2011, ISBN 978-1-4143-6246-5.
- ↑ "2005 Columbia Investment Management Conference". Columbia Business School. Archived from the original on June 20, 2006. Retrieved July 25, 2011.
- ↑ Louis Li, "Foreword," Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Chinese Edition, retrieved 2 October 2021.
- 1 2 Pulliam, Susan (July 30, 2010). "From Tiananmen Square to Possible Buffett Successor". The Wall Street Journal. Retrieved August 19, 2021.
- ↑ Li, Lu (2012). "Asia Society" (PDF). Retrieved May 4, 2016.
- ↑ Li Lu's Foreword for the Chinese version of Poor Charlie's Almanack Archived May 24, 2010, at the Wayback Machine
- ↑ Jonathan Stempel, "Charlie Munger targets active managers, Elon Musk; praises China," Reuters, 14 February 2019.
- ↑ Value Investment Institute (September 1, 2010). "Buffett-ites or Bluff-it-ites?" (PDF). Value Investment Institute. Archived from the original (PDF) on November 3, 2011. Retrieved July 5, 2016.
- ↑ "Li Lu — Know What You Don't Know" (PDF). Graham & Doddsville. New York: Columbia Business School. Spring 2013. Retrieved September 23, 2021.
- ↑ Lewis, Richard (April 13, 2021). "Li Lu: Value Investing in China, Full Transcript". Latticework Investing. Retrieved September 25, 2021.
- ↑ "Buffett's Chinese electric car company". Marcgunther.com. April 13, 2009. Archived from the original on May 20, 2010. Retrieved July 25, 2011.
- ↑ Ovide, Shira (October 26, 2020). "Todd Combs: For Buffett, Is Good Help Hard to Find?". The Wall Street Journal. Retrieved August 19, 2021.
- ↑ Ax, Joseph (May 3, 2021). "Asian-American business leaders launch $250M effort to fight hate". Reuters. Retrieved August 16, 2021.
- ↑ "Our Team". The Asian American Foundation. Retrieved September 7, 2021.
- ↑ Hadero, Haleluya (May 20, 2021). "Foundation raises $1 billion to fight anti-Asian hate". Associated Press. Retrieved August 16, 2021.
- ↑ "For US-China groups, the adversary is COVID-19 – not a country," The Christian Science Monitor, 18 May 2020, retrieved 15 September 2021
- ↑ "Chinese version of Poor Charlie's Almanack". Amazon.cn. Retrieved July 25, 2011.
- ↑ "Case Study: Li Lu's Investment in Timberland". www.gurufocus.com. Retrieved April 8, 2024.
- ↑ "Alexander Navab and Li Lu Elected to Columbia Board of Trustees | Columbia News". news.columbia.edu. Retrieved December 17, 2019.
- ↑ "Board of Trustees". www.bot.caltech.edu. Archived from the original on October 16, 2021.
- ↑ "New Members". American Academy of Arts & Sciences.
- ↑ "Li Lu". National Museum of American History. March 16, 2017. Retrieved December 17, 2019.
