Readings For The Week (19/2)

This week’s readings include an Economist article on the Asian “model” of migration, the 2016 full year review from Lumiere Capital, a short interview with James Hay of the Pangolin fund and an approach to valuing Snap ahead of its IPO.

  • Waiting to make their moveAsia’s looming labour shortage.
  • Arisaig Partners: Fund updates for January 2017. Includes commentary on a number of India holdings including Godrej, Trent, Colgate and Dabur. 
  • 2016 full year reviewAnnual letter and update from Lumiere Capital. Includes detailed commentary on China Yuchai International.
  • My Snap storyProfessor Aswath Damodaran looks at the valuation of Snap ahead of its IPO and why the founders position it as a camera company. 
  • Astro Awani interview with James HayThe manager of the Pangolin Fund discusses why Bank Negara’s current approach to managing the ringgit needs to be reconsidered.