#1
Sell Discipline Rules
"Have clear, pre-defined sell criteria. Sell when: your thesis is broken, valuation is fully realized, or a significantly better opportunity appears."
Follow pre-defined sell criteria without emotion.
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Li Lu📌 Selling & Review
Li Lu's Selling & Review Rules
Li Lu (born April 6, 1966) is a Chinese-American investor and founder of Himalaya Capital Management. He is one of the few fund managers to have Charlie Munger as a personal investor, and Munger has called him one of the finest investors he has ever known. Born in China during the Cultural Revolution, Li Lu was a student leader during...
3 principles·Selling & Review
3 Key Selling & Review Principles
#2
Review Your Investment Thesis
"Regularly review whether your original reasons for owning a stock still hold. If the facts change, change your mind. Holding a broken thesis is the costliest mistake."
Regularly challenge your original investment thesis.
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Learn from Past Sells
"After every sell, review the outcome. Did you sell too early, too late, or at the right time? Post-mortems on sell decisions improve future judgment."
Post-mortem every sell decision to improve.
Read Full Analysis →Frequently Asked Questions
What are Li Lu's key selling & review principles?
Li Lu has 3 key principles on selling & review. The most important one is "Sell Discipline Rules" — Have clear, pre-defined sell criteria.
How does Li Lu apply selling & review in practice?
Li Lu applies selling & review through several key principles including "Sell Discipline Rules" and "Review Your Investment Thesis". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes Li Lu's approach to selling & review unique?
Li Lu's approach to selling & review is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Li Lu provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
