This month’s readings/links include a conversation with Bethany McLean on the fine line between frauds and visionaries, a wide-ranging interview with Marc Faber, the latest quarterly report from Arisaig Partners, Russell Clark on the risk that other food prices rise due to the Chinese pork supply shock and Morgan Housel on greed and fear, frugality […]
Reading Links (Sep 2020)
Reading links for this month: Segra Capital Management: Promises and potential pitfalls of ESG investing. Interview with Edward Chancellor: “Prudent investing is impossible these days.” Richard Lawrence: Investing in superior businesses. Building for generations: Foundations of the LTSE listing principles. Arnott Capital: Investing in asymmetric opportunities. My notes from the Arnott Capital presentation in early August […]
GS Interview With Zhang Lei
Some notes below (for personal reference only, so any mistakes in transcription are my own): When he started Hillhouse, he had no idea what he wanted to do. He only had one investor who believed in the vision, which was pretty much “do things that you think make sense and believe in”. Unfortunately in this […]
Readings For The Week (27/6)
Note: after nearly 4 years of blogging on an almost weekly basis, I will be taking a break for a month or two. The plan is to recharge, work on other personal priorities and perhaps even explore some new content/ideas for the blog upon my return to it. In the meanwhile, readers will likely be grateful […]
Not Fade Away: Notes
I recently re-read Not Fade Away, which is Peter Barton’s biography/memoir (it was co-written with Laurence Shames). The book was first recommended to me a few years ago by a friend and I like to revisit it from time to time. Peter had a fascinating life and career, which included working closely with John Malone […]
Readings For The Week (20/6)
This week’s readings/links: Jonathan Ruffer: Investment review (June 2020). Oliver Hughes: The CEO of Tinkoff Bank on how to build a profitable digital bank. Ben Cleary: Don’t fight the Fed, buy commodities instead. Michael Sonnenfeldt: Investing during the pandemic; what should I do with my money considering all of the volatility & uncertainty today? Better Mousetrap […]
Readings For The Week (13/6)
This week’s reading/links: Interview with Luis von Ahn: Founder of reCAPTCHA and Duolingo. This is well worth a listen. Luis von Ahn is an associate professor of computer science at Carnegie Mellon. He was also one of the pioneers of crowdsourcing and used it in a unique way to build the business model for both his […]
Asia’s Digital Economy (Panel)
Some notes below (for personal reference only, so any mistakes in transcription are my own): Raymond Zage, formerly of Farallon, shared his perspective as an investor in the space. He thinks the story has gotten considerably more interesting not just because of growth economies in the region but also the type of growth. Just looking […]
Readings For The Week (5/6)
This week’s readings/links: MS Investment Management: Myth busting, popular delusions, and the variant perception. This is a good read. It’s an excerpt from a talk given by Michael Mauboussin to the Greenwich Roundtable earlier this year. He addresses four myths (“popular delusions”) and offers a variant perception on each: Concerns about the impact of short-termism, without […]
Readings For The Week (30/5)
This week’s readings/links: In gold we trust: 2020 report (the extended version). Ronald-Peter Stöferle and Mark Valek’s annual publication covering the state of global financial markets, monetary dynamics and their influence on gold price developments. There is also a compact version of the report available from their website. Charley Ellis: Why active investing is still a loser’s […]