저자: LiLu · 외국인
요약 보기
리루는 가치투자 철학을 정리하며, 장기 보유와 기업 품질, 경영진, 안전마진을 강조한다. 핵심 원칙: 시장 폭락을 견디는 기질이 필요하며, 장기 수익률은 기업의 투하자본수익률(ROIC)에 수렴한다고 주장한다. 찰리 멍거의 발언을 인용해 주가가 50% 하락해도 평정심을 유지하지 못하면 보통주 투자에 적합하지 않다고 본다. 매수 전략: 훌륭한 기업을 고르고 주가가 내재가치보다 할인된 가격(스트라이크 존)에 올 때까지 기다린다. 가격이 더 떨어지면 추가 매수할 의향이 있으며, 이는 안전마진 확보 전략이다. 기업 기준: ROIC가 평균 이상인 기업, 지속 가능한 경쟁우위(해자)를 가진 기업, 주주 관점의 경영진과 자본배분 능력을 갖춘 기업을 선호한다. 장기 복리 기업을 찾으면 오래 보유하라고 조언한다. 학습 방법: 멍거를 가장 큰 멘토로 꼽고, 여러 분야를 폭넓게 읽는 다학문적(폴리매스) 접근과 투자 대상 산업에 대한 전문성을 강조한다. 리스크: 영상은 특정 종목이나 자산에 대한 가격 전망을 제시하지 않으며, 일반적 투자 원칙 중심의 교육 콘텐츠다.
다듬은 글
leou is a chinese-born American value investor businessman and philanthropist he is the founder and chairman of Himalaya Capital Management in this video we will explore how you can invest like leelu leelu has been called an investing genius by the late Charlie manga and is also the only fund manager manga has ever placed his own funds with his early life story is perhaps more captivating than his rise to become one of the greats in the world of investing prior to immigrating to America he was one of the student leaders of the 1989 tanaman Square student protests this leadership is the subject of a documentary on the protest called moving the mountain he was the first person in a language foreign to him to obtain an undergraduate degree a law degree and an MBA all at the same time while studying at Colombia University while at Colombia University Le saw that Warren Buffett was going to be speaking on investing at the University and came away hooked after Warren Buffett's lecture on learning more about how to compound money this inspired Lou to establish Himalaya Capital Management how to invest like leelu number one how to handle a stock market crash to survive the stock market boom bus Cycles Lou says look for businesses which can get through crises and even Thrive if you hold through the ups and downs your return will roughly equal the business's return on invested Capital Lou acknowledges that to be a great investor you need to have the right temper and be able to watch your portfolio Fall by 40% and not make irrational knee-jerk decisions in fact the late Charlie Munger has said with regards to handling crashes if you're not willing to react with Equanimity to a market price decline of 50% two or three times a century you're not fit to be a common shareholder and you deserve the mediocre results you're going to get compared to the people who can be more philosophical about these Market fluctuations number two witer buy stocks leelu has a discipline value investing approach as he identifies great businesses he wants to own and happily waits for the price to come into His Strike Zone before buying this strategy provides for a significant margin of safety and is reminiscent of Warren Buffett's idea of waiting for the right pitch he also also prefers to buy stocks when they are trading at a discount to intrinsic value and is happy to buy more if the stock goes down further number three what makes a great business Lou looks for companies with above average Returns on invested Capital the return on invested Capital represents how much a company is earning on its investment it is a good indicator of profitability and a sustainable business model number four competitive modes great businesses don't need just an above average return on invested Capital but they must also have a moat which fends off enemy competition to accomplish this a company must have an enduring competitive advantage and a long Runway of growth Lou says if you're lucky enough to find a long-term compounder own them for a long amount of time number five great management Lou wants to see management with a business owners's mentality and the ability to honestly communicate with shareholders management must also have the skills to allocate Capital to achieve High rates of Return number six mentors Lou believes that you need to learn from the best and to study the investing philosophies and strategies from investing Masters leelu said that Charlie manga was the most influential person in his life and he was inspired by his ability to maintain rational composure and a common sensical approach to all problems in business and life he has stressed the importance of having a role model and a mentor from which to learn number seven be a polymath leelu says as investors we should read widely and gather inspiration from many areas such as a polymath does as you continue to gain knowledge you should be an expert in the company or industry that you are investing in and know more than others so that you have a Competitive Edge there you have it an investing masterclass on how to invest like lelu make sure that you subscribe to invest diversity for more tips and videos from the world's greatest investors
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