David Webb, founder and editor of the Webb-site.com, recently made a presentation at Project Chambers on how Hong Kong’s free markets have eroded in the twenty years since handover and what the city can do to recover its dynamism. The presentation covers a wide range of topics including stamp duty, central planning in land use, […]
Category: Readings
Readings For The Week (18/6)
This week’s readings include a look at how some Chinese companies are encouraging employee share purchase programs by guaranteeing them against losses, a review of “One Nation Under Gold” by James Grant, a recap of the Anbang story, Peter Tasker on how labour shortages will change Japan and a spotlight on tiger farms in Southeast […]
Readings For The Week (11/6)
This week’s readings include thoughts on politics and investing from Aswath Damodaran, the outlook for mobile money in India, how the QR code is facilitating China’s rapid shift towards a cashless society, Peter Tasker on recent troubles at Toshiba and Samsung and an interview with Nick Szabo. A tale of two markets: Aswath Damodaran on politics […]
Indonesia: Harnessing Its Potential (KKR)
KKR’s global macro team have published a new report on their outlook and investment case for Indonesia. They say the country “has emerged as somewhat of a pure-play on [their] thesis that large, domestic economies will prosper in a world that now favours domestic agendas over global ones.” Back in 2013, KKR noted Indonesia’s favourable demographic trends but felt […]
Mary Meeker’s 2017 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, […]
Readings For The Week (4/6)
This week’s readings include the first quarter letter from Petra Capital Management, the BBC on “karoshi,” an Economist special on overfishing, Balaji Srinivasan’s thoughts on tokens and a dozen insights from Charlie Munger from the 2017 Berkshire annual meeting. Q1 2017 letter: Market update and commentary from Petra Capital Management. The young Japanese working themselves to death: Japan has some of the […]
Graham & Doddsville: Spring 2017 Issue
The latest edition of the Graham & Doddsville newsletter is out. The publication is put together by the students of Columbia Business School. You can download and read a copy here. The Spring 2017 issue includes interviews with A. Rama Krishna (ARGA Investment Management), Cliff Sosin (CAS Investment Partners) and Chris Begg (East Coast Asset Management). It […]
FT Interview With Ruchir Sharma
Interesting profile of Ruchir Sharma in the FT this past week. He is the is Head of Emerging Markets as well as Chief Global Strategist at Morgan Stanley Investment Management. Sharma grew up in India and got his start writing a weekly column for The Observer and, later, the Economic Times of India. In 1996, he was recruited by Morgan […]
Readings For The Week (28/5)
Longer than usual reading list this week. Enjoy! Flying high: VinaCapital on how aviation has become one of Vietnam’s fastest growing sectors. The bankruptcy of modern finance theory: Dan Rasmussen says that active investment management does not work for investors because it was not designed to benefit them. LeapFrog targets private equity gains in Africa and Asia: An interview […]
CFA’s Paul Smith: Reasons To Believe
Paul Smith, the president and CEO of CFA Institute, recently spoke at the 70th CFA Institute Annual Conference in Philadelphia. He pushed industry professionals to revisit the question “What is finance for?” and discussed some of the challenges facing the investment management profession today. He also outlined the four steps the profession must take to address these challenges, including: Revising current […]