This week’s links include the sad news regarding the coming end of Webb-site, Horizon Kinetics’ 2024 annual review, the FT on Indonesia’s control of the nickel market, Carlyle’s tender offer to acquire all of Kaonavi, Nikkei Asia on Unicharm’s efforts to close the gap with P&G in global market share for children’s disposable diapers, and […]
Steve Diggle (The David Lin Report)
An interesting recent interview with Steve Diggle on The David Lin Report. He is the founder of Vulpes Investment Management, which is currently raising a new fund to bet on increased volatility in the financial markets. He discusses his “Big Short” trade in 2008, the current setup in markets and why he sees a more […]
Readings For The Week (8/2)
This week’s links include The Economist on the fast-growing global enterprise that is “Scam Inc,” Kitco Mining’s conversation with Grant Williams, Merlin Sheldrake and David Abram’s exploration of the more-than-human web of life, World Gold Council’s gold demand trends for Q4 & FY24, and a wide-ranging interview with Graham Duncan. The Economist: The vast and […]
David Capobianco (Cool Vector)
A short but interesting interview with David Capobianco, the managing partner of Five Point Energy. He discusses the business model of LandBridge, a publicly traded affiliate of Five Point Energy, which owns >270k surface acres of land in the Permian Basin in West Texas. He also talks about the re-rating opportunity given the particular suitability […]
Readings For The Week (1/2)
This week’s links include Kennox’s founders on finding value in an upside-down world, a rare and in-depth interview with TSMC’s Morris Chang, Marcus Wallenberg on leadership, engaged ownership and landsgagneliga, Sprott’s uranium market outlook for 2025, “The Big Short” investors on lessons from the 2008 crash & today’s market, and Jack Schwager on the lessons […]
Readings For The Week (25/1)
This week’s links include Bronte Capital’s December 2024 newsletter for the Amalthea Fund, Dan Rupp of Parkway Capital on starting an Asia fund in an era of US preeminence, Li Lu on global value investing in our era, a wide-ranging podcast interview with Django Davidson of Hosking Partners, the latest from Oasis Management’s ongoing engagement […]
OAM’s 2024 Letter
Desmond Kinch’s latest annual shareholder letter for Overseas Asset Management’s Asian Recovery Fund is out and he continues to make a compelling case for investing in Asian equities. You are much better off reading his letter in its entirety as he provides significantly more data, context and nuance, but a few of my takeaways are […]
Will Thorndike (RV Capital Annual Gathering)
Will Thorndike, a private investor and author of “The Outsiders,” was recently interviewed by Rob Vinall at the RV Capital 2025 Annual Gathering. He talked about his career path, some of the key concepts and insights from the book, his appreciation for how they can also be applied to more cyclical businesses and signals for […]
Readings For The Week (18/1)
This week’s links include the announcement of a US$1mn prize for deciphering the Harappan script, a transcript of BoJ deputy governor Ryozo Himono’s recent speech on Japan’s economic and monetary policy, Palliser Capital’s objections to the proposed takeover of Great Eastern by OCBC, Nathan Anderson’s letter announcing the disbanding of Hindenburg Research, a recent research […]
Vineet Mitera, WFM Asia (Brown Advisory)
Podcast interview with Vineet Mitera, the CIO of WFM Asia (previously Ward Ferry Management). He has been with the firm for ~20 years. WFM manages long-only equity funds with AUM of ~US$3bn, and focuses primarily on small and mid-cap companies across Asia Pacific. He discusses the firm’s approach to investment and portfolio construction as well […]