EWBC
East-West Bancorp Inc
stock NASDAQ

Li Lu’s position in CROX is surprising to me because it seems more like a Mohnish Pabrai stock than a Li Lu pick - it’s a “heads I win a lot and tail I don’t lose much” 1-2 year hold play.
Li Lu talks about buying quality, enduring companies that have real moat and will compound through the economic cycles. His top holdings GOOG (and GOOGL), BAC, BRK, and EWBC all fit that mold. PDD fits the description on paper, but there’s uncertainty associated with it being a Chinese company.
In the end, it’s an insignificant position in Li Lu’s portfolio, so I wouldn’t let that sway one’s decision-making. This is not to say CROX is not a solid turnaround short-term play.

Li Lu’s position in CROX is surprising to me because it seems more like a Mohnish Pabrai stock than a Li Lu pick - it’s a “heads I win a lot and tail I don’t lose much” 1-2 year hold play.
Li Lu talks about buying quality, enduring companies that have real moat and will compound through the economic cycles. His top holdings GOOG (and GOOGL), BAC, BRK, and EWBC all fit that mold. PDD fits the description on paper, but there’s uncertainty associated with it being a Chinese company.
In the end, it’s an insignificant position in Li Lu’s portfolio, so I wouldn’t let that sway one’s decision-making. This is not to say CROX is not a solid turnaround short-term play.