Expanded reading list this week. Enjoy! Tillerson in Asia: With its short-term focus on what currently occupies the American mind (North Korea), the U.S. is actually playing into China’s hands in Asia. Andrew Ng’s text trick: A leading AI researcher and educator says that millions of people should master deep learning. Interview with Warren Buffett: […]
Category: Readings
RIT Capital Partners: 1H 2017 Report
RIT Capital Partners have published their half-yearly report for 2017. You can download and read it here. The report provides a general update on their current thoughts and views, insights about existing holdings and changes to the portfolio over the period. The chairman’s statement, written by Lord Rothschild, is also worth a read (pages 2-3 […]
Readings For The Week (13/8)
This week’s readings include an interview with Garena’s group president Nick Nash, Bloomberg on Ray Dalio’s succession plans, reflections from Kishore Mahbubani on ASEAN’s 50th anniversary, the second quarter investor letter from Petra Capital Management and Richard Harris on why low-turnover investing is a strategy that reaps rewards over the long term. Reimagining e-commerce for Southeast […]
Ray Dalio: Risks Are Rising
Ray Dalio, the founder and chairman of Bridgewater Associates, has published a short blog post on LinkedIn. You can find the full note here. He writes that “prospective risks are now rising and do not appear appropriately priced in,” in part because people are assuming the circumstances they have recently encountered will persist. In his view, […]
Scottish Oriental’s Semi-Annual Update
Scottish Oriental Smaller Companies Trust have published their semi-annual update for 2017. You can download and read it here. The report provides a general update on their current thoughts and views, insights about existing holdings and changes to the portfolio over the period. It’s a little long, but an excellent read overall. I particularly enjoyed […]
Waverton Comments On Bekasi Fajar
Waverton Southeast Asian Fund recently published their investor update for July 2017, which is available for download from their website. The letter includes commentary on their (relatively small) position in Krungthai Card Company and their outlook for the banking sector in Singapore (fully valued in their view). The fund also initiated a position in Bekasi […]
Readings For The Week (6/8)
This week’s readings include thoughts from Euromoney’s Chris Wright on how to fix Hong Kong’s markets, Cederberg Capital’s July letter, an FT interview with Standard Chartered’s Simon Cooper, a SCMP profile of Cafe de Coral and Jeff Towson on how Starbucks succeeded in China. How to fix Hong Kong’s markets: How does HKEx get the […]
Aswath Damodaran on Cryptocurrencies
Aswath Damodaran has written a concise and informative post on the rise, mechanics and future (as he sees it) of cryptocurrencies. It’s worth reading. He sees digital currencies competing with fiat currencies sooner rather than later, but is “hard pressed to find a winner on the current list.” He thinks that could change if the […]
Barron’s Interview With Robert Lloyd George
Barron’s recently interviewed “old Asia hand” Robert Lloyd George, who runs Lloyd George Advisory, an emerging markets fund manager. The firm currently manages funds with teams in Hong Kong and Mumbai. Robert Lloyd George was previously the chairman and founder of Lloyd George Management, which managed up to US$17.7bn prior to its sale to BMO in 2011. […]
RVAM Comments On Link Net
River Valley Asset Management (RVAM) recently published their July 2017 newsletter, which is available for download from their website. RVAM is a Singapore-based boutique asset management firm (their flagship fund is the River Valley Core Compounding Fund, launched in 2014). The firm was founded by Homiyar Vasania, who was previously part of Morgan Stanley’s emerging […]