We're posting up notes from the Ira Sohn Conference 2013 in New York. Next up is a summary of the presentation from Li Lu of Himalaya Capital. He presented on preferred stock of Samsung, Hyundai and A-1 Pacific, arguing that Korean preferreds are cheap because there's irrational perception that they aren't debt or equity.
Korean Preferreds: Samsung, Hyundai, A-1 Pacific
Li Lu is a Buffett disciple and he was considered to take over Buffett's fund. Idea: Korean preferred stocks, Samsung (an idea he also pitched about 4- 5 years ago). Talked about the accounting treatment of preferred shares, and stock options.
Earlier this week, we drew attention to a rare interview with Li Lu on investment process which is definitely worth a read. And for more, here's a talk Li Lu gave.
Check out the rest of the hedge fund presentations from the event: notes from Ira Sohn Conference 2013.
Thursday, May 9, 2013
Li Lu's Sohn Conference Presentation on Korean Preferreds
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