This week’s content links include Omar Malik’s speech on the capital cycle way, Edward Chancellor on the final phase of the debt supercycle, Gita Wirjawan’s conversation with Ashby Monk, Horizon Kinetics’ Q2 2025 commentary, Bloomberg on Dan Wang’s new book Breakneck and Kenneth Rogoff on the possible road ahead for the US dollar. Hosking Partners: […]
Readings For The Week (20/7)
Happy weekend! This week’s content links include Paul Cavey on Japan’s economic evolution over the past 30 years, Packer & Co’s June 2025 report, East72’s write-up on CK Hutchison, Han Kim of Altos Ventures on thinking long term and backing breakout companies such as Roblox, Coupang, and Woowa Brothers, Django Davidson of Hosking Partners on […]
Readings For The Week (6/7)
Back to regular programming this week after a brief and much-needed disconnect from markets. We were on holiday in June exploring some of Vietnam’s coastal cities. A personal highlight was a rare sighting of the endangered red-shanked doucs on the Son Tra Peninsula in Da Nang (video below). The Douc Langur Foundation has been working […]
Readings For The Week (31/5)
May turned out to be a strong month for stocks. I am not sure what to make of the swift recovery, but FT columnist Rob Armstrong coined the term ‘Taco trade’ (Trump Always Chickens Out) to explain recent investor conditioning. Amusingly, Trump was then asked about this by a journalist and he really did not […]
Geoff Oldfield (Ennismore)
Interesting conversation with Geoff Oldfield, the founder of Ennismore Fund Management. He set up the firm with Gerhard Schöningh in 1998 to invest primarily in smaller capitalisation European companies. The European fund has returned ~12.5% p.a. since inception, with no leverage and average net exposure below 50%. In 2016, the firm also launched a global […]
Readings For The Week (3/5)
This week’s links include Horizon Kinetics’ Q1 2025 market commentary, Jim Grant and Evan Lorenz in conversation with First Eagle’s Matthew McLennan, an interview with Ennismore’s Richard Stuckey, WNN on China’s approval of ten new nuclear reactors, Robert Skidelsky revisits Keynes’ bancor proposal and FT Alphaville on the asset-liability mismatch of Taiwanese life insurers. Horizon […]
Readings For The Week (20/4)
This week’s links include Bloomberg on Vietnam’s sand shortage, Baker Steel on the outlook for gold miners, a profile of investor Graham Duncan, Reuters on plans for Vietnam’s Ministry of Public Security to take a majority stake in FPT Telecom, 3D Investment Partners’ presentation on the issues facing NSSOL in its efforts to maximize corporate […]
Readings For The Week (12/4)
What a week in the financial markets! Given the considerable number of unknowns, there isn’t really much for me to comment on at this point. I do think the setup for gold remains attractive, and I would be surprised if we were not at US$4k/oz by end of year. I will also spare readers from […]
Readings For The Week (6/4)
This week’s links include the FT on Jardine Matheson charting a new course, a rare interview with Ashmore’s Mark Coombs, the Webb-site on Trump’s tariff own goal, Jim Mellon in conversation with Wilfred Frost, Ascender Capital’s webinar on opportunities in the Japanese software sector and Burford Capital’s 2025 investor day. FT: Jardine Matheson, giant of […]
Readings For The Week (29/3)
It has been a while since my last post! Work has been rather busy, but I have also been on the road for a couple of weeks, with recent trips to London and HK. It was wonderful to catch up with old friends in both cities, including some readers of this blog. Long flights also […]