This week’s readings / links include Jan Dehn on the road to Korean reunification, an interview with Cheah Cheng Hye, John Wood (founder of Room to Read) on how to raise money and do good in Asia, a conversation with Julian Robertson and Stewart Brand on the Whole Earth Catalog’s legacy over 50 years. On […]
Muddy Waters: TAL Education Short Report
Muddy Waters have published a short report on TAL Education Group (TAL Education), calling it a “real business” with fake financials. They say the company has been fraudulently overstating its profits since at least FY 2016. Muddy Waters believes the fraud pervades the core Peiyou business and is migrating into TAL Education’s online businesses. You can […]
Readings For The Week (10/6)
This week’s readings / links include the Pangolin Asia Fund’s May 2018 newsletter, Urjit Patel on why emerging markets face a dollar double whammy, Megha Rajagopalan on the increasing challenge of foreign correspondence in China, Yves Smith on McKinsey’s and CalPERS’ ignorance and sleight of hand on private equity and an interview with Grant Williams. Pangolin Asia […]
Evermore Comments On Universal Entertainment
The team at Evermore Global Value Fund recently published their commentary for Q1 2018. You can read the full letter here. Evermore Global Advisors, LLC was established in 2009 by David Marcus and Eric LeGoff. The founders previously worked for / with Michael F. Price at Mutual Series. The letter includes some commentary on Universal Entertainment, […]
Mary Meeker’s 2018 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, […]
Marc Faber On Nothing Exempt
Marc Faber, the editor of the “Gloom, Boom & Doom” report, was a recent guest on the Nothing Exempt podcast. You can listen to the full interview here. I have included some highlights from the conversation below (mostly paraphrased, any mistakes are my own): On the US-China trade negotiations: the whole discussion has become distorted […]
Readings For The Week (3/6)
This week’s readings include Ashmore’s outlook for emerging markets, an interview with Anwar Ibrahim, thoughts on China’s new financial sector reforms, notes from the 2018 Sohn Hong Kong conference and George Soros on how to save Europe. A gentle rebuttal to Carmen Reinhart: The Harvard economist thinks emerging markets are more vulnerable today than they […]
Readings For The Week (27/5)
This week’s readings / links include thoughts on Walmart’s India (Flipkart) gambit, notes from the 71st CFA Institute annual conference, results from the latest Duke CFO global business outlook survey, a conversation with MIT professor Yasheng Huang on the future of US-China trade relations and the Q1 2018 letter from Benjamin Koh of Lighthouse Advisors. […]
Rashmi Kwatra On Bangladesh / BRAC Bank
Rashmi Kwatra, the founder and CIO of Sixteenth Street Capital, was recently interviewed on CNBC following her presentation at the 2018 Next Wave Sohn New York Investment Conference (you can find some notes / highlights from the conference here). Given the interview is only ~6 minutes long, it’s not a particularly deep conversation, but it […]
Blue Orca: Samsonite Short Report
Blue Orca Capital (Blue Orca) have published a short report on Samsonite International (Samsonite), highlighting the company’s “questionable accounting practices and poor corporate governance.” You can download the report via their website – for ease of reference, it is also embedded below. Blue Orca writes that Samsonite has “concealed slowing growth through debt fueled acquisitions […]