This week’s readings / links include Jim O’Neill on the abnormality of oil, the NYT on how a generation in Japan faces a lonely death, Glenn Solomon on why multi-cloud is the next big thing in technology, Yves Smith on a new paper that confirms a long-standing criticism of private equity and a look at […]
Year: 2017
Kevin Martelli: A Perspective on Value Investing
Kevin Martelli, the founder of Martek Partners, has published an interesting presentation on value investing (document embedded below). The first section covers his thoughts on private equity vs. value investing in the context of a career in finance. The second section is a retrospective analysis of multi-bagger stocks (>10x in the last 15 years) through […]
The Robert Kuok Memoirs (SCMP)
The SCMP has published six extracts from the first-ever memoir of Malaysian entrepreneur Robert Kuok. They are worth a read – Simon Murray, the former chairman of Glencore, once called Kuok the best China watcher in the business. For those interested, you can purchase a copy of the book via MPH Online (link here). For […]
IVA Increases APT Satellite Stake
International Value Advisers, LLC (IVA) recently increased their stake in HK-listed APT Satellite Holdings Limited (APT Satellite). According to a filing submitted to the Hong Kong Stock Exchange on November 20th, 2017, the firm bought 4,428,500 shares on the exchange at an average price of HKD 3.61 per share on November 15th (total consideration was […]
Alibaba Buys Stake in Sun Art
Alibaba subsidiary Taobao China Holding Limited (Taobao) has agreed to buy an aggregate direct and indirect 36.2% stake in Sun Art Retail Group (Sun Art) for ~U$2.9bn. Taobao may also make a mandatory unconditional cash offer for the remaining shares it does not own. Details of the stake purchases below: Taobao purchased a direct 26% […]
Readings For The Week (26/11)
This week’s readings / links include Kerr Neilson on the rise of Asia, a conversation with Chamath Palihapitiya, lessons from successful corporate turnarounds, Michael Dobbs-Higginson on his life of adventure and Lee Jong-Hwa on income inequality in Asia. The rise of Asia: Kerr Neilson’s latest journal entry. Interview with Chamath Palihapitiya: The founder and CEO […]
Readings For The Week (19/11)
This week’s readings / links include an update on Oasis Management’s investment in Pasona, a look at the political situation in Cambodia, a conversation with David Swensen, how Bill Browder became an enemy of the Russian state and an interview with Dr. William Rees. Hong Kong-based activist fund ups pressure on Japan’s Pasona: Oasis Management […]
Evermore Comments On Retail Holdings
The team at Evermore Global Value Fund have recently posted their commentary for Q3 2017. You can read the letter here. Evermore Global Advisors, LLC was established in 2009 by David Marcus and Eric LeGoff. The founders previously worked for / with Michael F. Price at Mutual Series. The letter includes commentary on Retail Holdings, which I […]
Readings For The Week (12/11)
This week’s readings / links include a presentation by David Webb on the most fundament issue in HK corporate governance, Rick Bookstaber on our low risk (low volatility) world, Benjamin Koh’s Q3 investor letter, Jack Miles on how we can reduce our carbon footprint and Dan Rasmussen on the gospel according to Michael Porter. If […]
Kellogg Insight: Interview With Lou Simpson
Kellogg Insight recently published a short interview with Lou Simpson, the former chief investment officer of Geico (a Berkshire Hathaway subsidiary) and the current chairman of SQ Advisors. He has been called “one of the investment greats” by Warren Buffett. Kellogg Insight is the research & ideas magazine of the Kellogg School of Management at […]