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In the previous video we have touched on the matter of investors named Lilu and Jodie c634 asked us to discuss the story of Lilu's journey Okay Let's discuss it initially I know the name Lilu is from his videos Money himself is a great investor and quite active on YouTube factory uploads a lot of his webinar videos on his own YouTube well in one of the videos I forgot which one because it's been quite a long time Bray told about an investor named Lilo because Lilu is the only investor who was entrusted with money by caling Manggar to be managed through Himalaya Capital Lilu's investment return is around 30% cagr from 98 until now so Lilu Beat the market has been decades and is trusted by investors of R15 why is Charlie Manggar willing to entrust his money to Lilu and how is the story that Lilu can generate large profits consistently in the long term early in life then entrusted to one family mix another because his father and mother are activists who were involved in the Chinese cultural Revolution the life of his father and mother apparently also transmitted to him when Lilu was a teenager and studied at the University of nancing then involved as a student leader the Chen Square part does not know about the Square tragedy so this is a form of protest commanded by Chinese students about the economic conditions and rampant corruption in China and demanding that the country be more democratic this demonstration and protest took place in 1989 and there were around 50 thousand students took to the streets of Beijing to protest one of the student leaders was Lilu this action inspired more students to take to the streets and hold a parade in Beijing on May 4, 1989 there were 100,000 students took to the symptoms then on May 13, 1989 these students occupied the complete hand underscore the Chinese government to resolve the conflict was to use military action and send teng-teng to your team Square this conflict resulted in many deaths this event is known as the Tian under tragedy after the Tian antman tragedy the Chinese government is still hunting for the student leaders involved this forced Lilu to flee from her own country Lilu fled with the help of her family to the United States Upon arriving in America Lilu could not speak English at all but thanks to her involvement in the student process at Colombia University Yes If possible University is her alma mater worm buffect even though Lilu could not speak English she studied on the go and graduated with three degrees at once, namely economics, law, and business, is extraordinary for someone who can't speak English and getting three glasses at once is one of the proofs of the genius of a Lilu while studying at Columbia University, Lilu also met Warren Buffel.
When Buffet was a guest lecturer in 1993, at first Lilu was not interested in attending the Buffel seminar, then decided to join because he was persuaded by his friend and thought he could eat Buffel once said something like this about investing. You can explain the feeling of fashioning to someone, either he will immediately understand or he will not be able to understand something like that.
There are people who, when we explain that price and value are immediately understood, there are also people who don't. It could be because of several beliefs or very different mindsets. Lilu seems to be one of those people who immediately understand and click with the principles of valuebistik buying something below its value after attending the warm buffet seminar.
Lilu put what she learned from Buffet into practice. Lilu's investment results were extraordinary and when she graduated from college, Lilu already had 1 million dollars from the results of turning her money in the stock market. How do you do it? Lilu gets a scholarship every few months. Lilu will get money.
scholarship which this money will be used to pay for her tuition but when Lilu receives the money she does not have to pay it immediately Dead others could be in a few months or at the end of the semester well this is the money that Lilu uses to buy shares What strategy is used yes copying Buffet's method in the early days Karya Bu buys cheap companies Siger butch who has corporate actions Buffet's investment philosophy is contagious to Lilu so who does this make sense to Lilu Why does Lilu dare to give these shares because one is too cheap second is if the wrong loss is small but if the profit is large if the picture is big profit if the number of losses is small Ris reward is very attractive from the beginning Lilu's investment principle remains the same, namely buying cheap shares the most volatile market can be so irrational when the company is good enough to be sold very cheaply this provides opportunities for Deep value investors like Lindu But of course he has done a reset yes not just because it is cheap in the midst of a crisis Usually there are many investment opportunities for an investor who bought one of them in Russia in the 1990s the Soviet Union had just fallen and Russia was just born the Russian government at that time had just privatized large companies that were previously owned by simple country from Bill and released to private sector just imagine because oil companies like Pertamina which were originally owned by the state were released to private sector roughly like that yes Well the result of this Russian oil company was released to workers and ordinary citizens at that time Russia did not have a stock exchange so these citizens and workers got stock papers which they themselves did not know the value of what they just traded them without needing to know the contents and the stock price fell in the over the counter market or more or less the secondary market Lilu somehow found this stock then said that at that time the average oil price was 20 dollars per barrel and if you divide all the oil owned by lu coil the companies were bought by Lilu this market price was half a cent or 0.5 dollars according to Lilu this is clearly cheap this does not include the coconut of the company where lu coil holds the oil and gas monopoly in Russia investment in Lilu profit 10 times and this is net of the devaluation of the Russian ruble which fell 90% yes So actually I prese click profit then it is already greater than 10 times one of Lilu's successful investments is in Timberland shares Timberland is a company shoes and Apparel that I'm sure you've seen in the mall Lilu's investment in Timberland at a valuation above book value yes So it's not classic so Lilu entered Timberland in 98 at a price of 28 dollars per share the valuation at that time presented a 5x pe even though above the book value the valuation was still very cheap because only 5x current assets arose 1387 million dollars with total liabilities of 203 million dollars so the balance sheet of this company is very Solid return on investment Capital Timberland is also very good above 15% but why is this good company sold at a cheap valuation it turns out that Timberland has experienced many lawsuits then read one by one the lawsuit files against Timberland and found that the lawsuits filed against the template because management no longer received guidance on administration In addition Lilu looked for who the research was based on, visited them and concluded that Timberland was managed by a competent owner and was very respectful to them who also owned Timberland and made 8x profits in 2 years I think that's enough for here and we still have a continuation story about Lilu with his successful investment for up to 10 times and the other one is up to 50 times the profit but we will discuss this in the next video, yes, I'm curious, wait for the next video, see you
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