A longer than usual reading list this week. Enjoy! Belle shows a less beautiful path for China tycoons: Zhang Lei, the founder of Hillhouse Capital, has to reinvent both the footwear retailer and his fund. Blockchain – the new technology of trust: Goldman Sachs thinks that blockchain has the potential to change the way we […]
Category: Readings
Stephen D. King Speaks At The FCC (HK)
Stephen D. King, senior economic adviser at HSBC, recently spoke at the FCC in Hong Kong. He discussed some of the key themes from his latest book, Grave New World: The End of Globalization, The Return of History, including why the globalisation agenda is being rejected and how a return to “autarky” might risk economic and […]
Readings For The Week (25/6)
This week’s readings include a look at Uber’s bad week (doomsday scenario or business reset?), thoughts on what the recent MSCI verdict means for China and investors, the implications of Beijing’s new mega airport on China’s airline industry, George Soros on Brexit in reverse and why the Salim Group is going back to banking after […]
Pangolin Discusses Wing Tai Malaysia
The Pangolin Asia Fund’s letter for May is now available for download from their website. The fund is currently about 78% invested and the investment team remains cautious in their outlook, although they do see economic activity in ASEAN picking up. In the letter, James Hay also discusses one of their portfolio holdings, Wing Tai Malaysia. […]
David Webb: Rebuilding Free Markets In HK
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, […]
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 […]