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Li Lu/Himalaya Capital - 13F - Q1-2021


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  • 5 months later...
15 hours ago, nwoodman said:

Thanks, an interesting but altogether unsurprising addition at these levels. 

The value transfer from outgoing shareholders to remaining shareholders is being widely underestimated.  Here's hoping prices stay low for a while longer to allow that reverse compounding to really kick in.  It's at $51B cash (outbound) + discounted intrinsic value (inbound) since the buybacks started in earnest as well as the earnings per share boost (5%) so far.

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