This week’s links include Kennox’s founders on finding value in an upside-down world, a rare and in-depth interview with TSMC’s Morris Chang, Marcus Wallenberg on leadership, engaged ownership and landsgagneliga, Sprott’s uranium market outlook for 2025, “The Big Short” investors on lessons from the 2008 crash & today’s market, and Jack Schwager on the lessons […]
Readings For The Week (25/1)
This week’s links include Bronte Capital’s December 2024 newsletter for the Amalthea Fund, Dan Rupp of Parkway Capital on starting an Asia fund in an era of US preeminence, Li Lu on global value investing in our era, a wide-ranging podcast interview with Django Davidson of Hosking Partners, the latest from Oasis Management’s ongoing engagement […]
OAM’s 2024 Letter
Desmond Kinch’s latest annual shareholder letter for Overseas Asset Management’s Asian Recovery Fund is out and he continues to make a compelling case for investing in Asian equities. You are much better off reading his letter in its entirety as he provides significantly more data, context and nuance, but a few of my takeaways are […]
Will Thorndike (RV Capital Annual Gathering)
Will Thorndike, a private investor and author of “The Outsiders,” was recently interviewed by Rob Vinall at the RV Capital 2025 Annual Gathering. He talked about his career path, some of the key concepts and insights from the book, his appreciation for how they can also be applied to more cyclical businesses and signals for […]
Readings For The Week (18/1)
This week’s links include the announcement of a US$1mn prize for deciphering the Harappan script, a transcript of BoJ deputy governor Ryozo Himono’s recent speech on Japan’s economic and monetary policy, Palliser Capital’s objections to the proposed takeover of Great Eastern by OCBC, Nathan Anderson’s letter announcing the disbanding of Hindenburg Research, a recent research […]
Vineet Mitera, WFM Asia (Brown Advisory)
Podcast interview with Vineet Mitera, the CIO of WFM Asia (previously Ward Ferry Management). He has been with the firm for ~20 years. WFM manages long-only equity funds with AUM of ~US$3bn, and focuses primarily on small and mid-cap companies across Asia Pacific. He discusses the firm’s approach to investment and portfolio construction as well […]
Readings For The Week (12/1)
Happy new year to everyone and best wishes for 2025! This week’s links include a conversation with Alok Sama that draws from his recently published book “The Money Trap,” an underappreciated aspect of Manmohan Singh’s legacy, some interesting recent articles on Japan’s ever-tightening labour market, Hosking Partners on the state of ESG heading into 2025, […]
Chris Wood (Syz The Future)
Chris Wood was recently interviewed by Richard Byworth, partner at Syz Capital, on what Trump’s election means for the markets, his outlook for the Chinese economy, potential risks in the private markets and his portfolio positioning in the current environment. Worth a listen – some of my notes are included below (these are for personal […]
Readings For The Week (21/12)
Last post of 2024 – it has been a long year, so we are looking forward to some time off exploring Malaysia! Happy holidays to everyone and best wishes for the new year! This week’s links include Russell Napier on the consequences of economic nationalism, reflections from James Hay on the Pangolin Fund turning 20 […]
Jim Mellon (Chat With Traders)
A slightly dated but interesting interview with Jim Mellon, a private investor with a wide range of holdings in private and public companies. He was formerly a co-founder of Regent Pacific Group, an investment firm based in HK, and spent a large part of his career focused on Asia and emerging markets. He discusses some […]