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, […]
Category: Readings
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 […]
Readings For The Week (30/7)
This week’s readings include a conversation with Seth Fischer of Oasis Capital Management, short interviews with three of Asia’s leading hoteliers, a look at the decades-long quest to bring down Bloomberg, thoughts on the recent ousting of Nawaz Sharif and an opinion piece on how Hong Kong and China are forging a new innovation economy. […]
Barron’s Interview With James Montier (GMO)
Interesting interview with James Montier in this week’s issue of Barron’s. Montier is a member of the GMO’s Asset Allocation team. Prior to GMO, he was co-head of Global Strategy at Société Générale. Some excerpts / highlights below: On being a value investor in the current environment: “The U.S. has been an incredibly strong market […]
Howard Marks: There They Go Again…Again
Howard Marks, the chairman of Oaktree Capital Management, has published his latest memo to clients of the firm. In the note, Marks writes that “this is a time for caution” and recommends clients move into lower-risk investments due to “lofty” market valuations. He also shared his view on digital currencies, saying they are “nothing but […]