This month’s readings/links include Kerr Neilson on the new world of risk, Arisaig’s latest quarterly report, some notes from the Notz Stucki investment conference, the fifth edition of the e-Conomy SEA report, Goldhub’s gold demand trends for 2020 (data + report) and Vanity Fair on the rise and fall of bitcoin billionaire Arthur Hayes. Kerr […]
Charles Rolls (Enterprise Lab)
Slightly dated (circa 2017) but fascinating interview on the entrepreneurial journey of Charles Rolls, who is the co-founder of Fever-Tree. I really enjoy the company’s products and admire how well the founders executed on what, in retrospect, seems a rather obvious idea (i.e. observing this trend of premiumization within various spirit categories and realizing that, […]
Stanley Druckenmiller (GS Interview)
Some notes/highlights below (for personal reference only, any mistakes are my own): His framework for the markets – buckle up. He has been investing as some kind of CIO since 1978 and this is about the wildest cocktail he has ever seen in terms of trying to figure out a roadmap. For context, the economic […]
Hillhouse Takes Stake In InnoCare Pharma
InnoCare Pharma (InnoCare) announced two subscription agreements with Gaoling and YHG, a company of Hillhouse Capital (Hillhouse), and the Vivo Opportunity Fund (an existing investor) on Feb 3, 2021. The two investors subscribed 191,613,000 and 18,895,000 new shares respectively, for a total of 210,508,000 new shares, representing about 16.33% of the existing total issued shares […]
Himalaya Capital Adds To PSBC Stake
Himalaya Capital Management (Himalaya Capital) recently added to their stake in HK-listed Postal Savings Bank of China (PSBC). Based on a filing submitted to the Hong Kong Stock Exchange on January 20th, 2021, Himalaya Capital bought 83.544 m shares on the exchange at an average price of HKD 5.3479 per share on January 15th (the […]
Reading Links (Jan 2021)
This month’s readings/links include a conversation with David Halpert on the “digital decolonization” theme, Louis Gave on why inflation will come back with a vengeance, a Q&A with Todd Warren (Tribeca Investment Partners), a wide-ranging interview with John Hempton on the lessons he learnt in 2020, and Anna Wiener asks if Substack is the media […]
Kennox In Conversation – Interviews
Two interesting short video interviews conducted by the Kennox team with Russell Napier and Angus Tulloch towards the end of 2020. Some notes below – these are for personal reference only, so any mistakes in the transcription are my own. Russell Napier – the biggest mistake we are making right now is calling something a […]
Mr. Jones: Movie / Panel Discussion
I really enjoyed the movie Mr. Jones, which tells the incredible story of Gareth Jones, a young Welsh journalist who travelled to Stalin’s Soviet Union in 1933 to investigate the famine that Stalin inflicted on the people of Ukraine (which came to be known as the Holodomor). It is, in many ways, a contemporary story […]
Cheah Cheng Hye (PwC AWM 2020)
Cheah Cheng Hye was interviewed at the PwC Asset and Wealth Management Conference 2020. Some notes/highlights below (for personal reference only, any mistakes are my own). On the implications for Covid-19 on markets and the geopolitical sphere: China, Korea etc. have been among the leading countries in managing a V-shaped recovery while much of the […]
Weijian Shan’s Talk (HK FCC)
Some notes below (for personal reference only, so any mistakes in transcription are my own): His new book “Money Games” is the inside story about a major private equity deal he led in the late 1990s, which involved an American investment firm (Newbridge Capital) acquiring what used to be the largest bank in Korea (Korea […]