The team at Evermore Global Value Fund recently published their commentary for Q1 2018. You can read the full 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 some commentary on Universal Entertainment, […]
Author: offpisteblog
Mary Meeker’s 2018 Internet Trends
Kleiner Perkins Caufield & Byers partner Mary Meeker recently published her annual global internet trends report. You can find a link to the presentation here but it is also embedded at the bottom of this post for ease of reference. Well worth a read as it contains lots of interesting data and insights. For folks interested in regional trends, […]
Marc Faber On Nothing Exempt
Marc Faber, the editor of the “Gloom, Boom & Doom” report, was a recent guest on the Nothing Exempt podcast. You can listen to the full interview here. I have included some highlights from the conversation below (mostly paraphrased, any mistakes are my own): On the US-China trade negotiations: the whole discussion has become distorted […]
Readings For The Week (3/6)
This week’s readings include Ashmore’s outlook for emerging markets, an interview with Anwar Ibrahim, thoughts on China’s new financial sector reforms, notes from the 2018 Sohn Hong Kong conference and George Soros on how to save Europe. A gentle rebuttal to Carmen Reinhart: The Harvard economist thinks emerging markets are more vulnerable today than they […]
Readings For The Week (27/5)
This week’s readings / links include thoughts on Walmart’s India (Flipkart) gambit, notes from the 71st CFA Institute annual conference, results from the latest Duke CFO global business outlook survey, a conversation with MIT professor Yasheng Huang on the future of US-China trade relations and the Q1 2018 letter from Benjamin Koh of Lighthouse Advisors. […]
Rashmi Kwatra On Bangladesh / BRAC Bank
Rashmi Kwatra, the founder and CIO of Sixteenth Street Capital, was recently interviewed on CNBC following her presentation at the 2018 Next Wave Sohn New York Investment Conference (you can find some notes / highlights from the conference here). Given the interview is only ~6 minutes long, it’s not a particularly deep conversation, but it […]
Blue Orca: Samsonite Short Report
Blue Orca Capital (Blue Orca) have published a short report on Samsonite International (Samsonite), highlighting the company’s “questionable accounting practices and poor corporate governance.” You can download the report via their website – for ease of reference, it is also embedded below. Blue Orca writes that Samsonite has “concealed slowing growth through debt fueled acquisitions […]
Brandes Adds To PAX Global
Brandes Investment Partners (Brandes) recently acquired a notifiable interest in Hong Kong-listed PAX Global Technology Limited (PAX Global). Based on a filing submitted to the Hong Kong Stock Exchange on May 23rd, 2018, Brandes bought 921,000 shares on the exchange at an average price of HKD 3.47 per share on May 21st (the total consideration was […]
Graham & Doddsville: Spring 2018 Issue
The latest edition of the Graham & Doddsville newsletter is out. The publication is put together by the students of Columbia Business School (CBS). You can download and read a copy here. The Spring 2018 issue includes interviews with Bruce Greenwald (CBS) & Mark Cooper (First Eagle), Michael Mauboussin (BlueMountain Capital) & Tom Digenan (UBS Asset Management) […]
David Webb Discloses Portfolio Changes
David Webb recently acquired a notifiable interest in both International Housewares Retail Co. and Winox Holdings. He also increased his stake in Computer And Technologies and trimmed (slightly) his position in Pico Far East Holdings. The relevant events occurred between April 26th-30th. David Webb is a private investor who has lived in Hong Kong since 1991. […]