This week’s readings/links include Peter Tasker’s five scenarios for the year of the dragon, Simon Evan-Cook’s profile of Angus Tulloch, the All Else Equal podcast on the most common financial mistakes, Mongabay on how Clare Rewcastle Brown’s independent journalism uncovered a massive crime against people and planet and Horizon Kinetics’ Q4 2023 market commentary. Peter […]

Desmond Kinch’s 2023 letter for the OAM Asian Recovery Fund is available via the firm’s website. His letters are always worth a read as he is one of the most thoughtful and experienced investors focused on Asian markets. I have included a few interesting excerpts below, but you are better off reading the letter in […]

Happy new year! I was in Hong Kong for the holidays and it was great to spend lots of time outdoors with my family. My son particularly enjoyed our boat trips exploring the islands in the Sai Kung area and the Hong Kong Railway Museum in Taipo (some photos below). It is with some reluctance […]

Happy weekend! Reading/content links include Palliser Capital’s recommendations to unlock value at Samsung C&T, a Bloomberg documentary on Russia’s shadow fleet, Morris Chang on the evolution of the semiconductor industry and his career journey building TSMC, Reuters on NZ Funds’ uranium trade, an interview with Axel Krohne on his approach to global value investing and […]

Reading/content links include an interview with Sprott’s Per Jander on the outlook for the uranium market, Nikkei Asia on how Japanese e-retailers are extending their reach abroad, GS explores what China’s struggling property sector means for the global economy and markets, a Q&A with Tribeca’s John Stover on opportunities in Asian credit and an introduction […]

Reading/content links include an FT film on Citigroup and the “financial supermarket” experiment, Yvon Chouinard on the high stakes of low quality, the AFR covers stock picks from the Sohn Hearts & Minds 2023 conference, the WSJ takes us inside the quest for the next hit Lego set, Weijian Shan considers China’s growth prospects and, […]

Reading/content links include Horizon Kinetics on contingency investing, a documentary exploring the impact of sand mining on the Mekong, Colin Smith on investing in Africa, BBC Travel on the Xiongnu empire, Hosking Partners with a closer look at the Chinese solar industry and a conversation with Reece Duca, the founder of IGSB. Horizon Kinetics: Q3 […]

Reading/content links include Joe Walker’s conversation with Raghuram Rajan, Jim Grant on what persistently higher interest rates could mean for investors, Rest of World on China’s biggest gay dating app wanting to beat Grindr, Kerr Neilson’s market outlook and current portfolio positioning, the World Gold Council’s Q3 gold demand trends for Q3 2023 and Stephen […]

Reading/content links include Palliser Capital’s presentation on unlocking value at Keisei Electric Railway, John Hathaway on gold and the debt bubble, Ed Conway and Jonathan Maxwell on living in a material world, a podcast on optimizing the risk exposure of your portfolio, James Montier’s deep dive into Japan and Scottish Oriental’s essay on not investing. […]

Greetings from a surprisingly sunny London! I am on a short break this week. This year has flown by and I can’t believe we are already into Q4. October should be a fun month, however, because the Cricket World Cup is on, and I plan on watching as many of the games as I can. […]