It has been a while since my last post! Work has been rather busy, but I have also been on the road for a couple of weeks, with recent trips to London and HK. It was wonderful to catch up with old friends in both cities, including some readers of this blog. Long flights also […]
Jonathan Shih (Coral Capital Podcast)
The Coral Capital podcast recently hosted an interesting conversation with Jonathan Shih, the founder of Keyrock Capital Management. His firm is an active investor in Japan across public and private markets. He discusses Japan’s overlooked growth potential and how this came to be a key area of focus for the firm, some considerations for private […]
Readings For The Week (22/2)
This week’s links include 3D Investment Partners’ open letter to the Sapporo board, DHT CEO Svein Moxnes Harfjeld discusses his outlook for the tanker market, Arnott Capital’s 2024 annual investor letter, RIT Capital’s 2024 investor webinar, Paul Marshall on UK and European energy policy, and Kevin Kelly’s 50 years of travel tips. 3D Investment Partners: […]
Readings For The Week (15/2)
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 […]