Reading/content links include the Pangolin Asia Fund’s May newsletter, United Tractors’ investment in and strategic collaboration with Nickel Industries, Parallaxes Capital’s Saish Setty on investing in tax receivable agreements, Hedgeye’s conversation with Mark Gordon on the great energy transition and Jon Dye on the lessons inherited from a value investor. Pangolin Asia Fund: May 2023 […]
Readings For The Week (3/6)
Readings/content links include the Asia Foundation’s podcast with Scott MacMillan on his recent book which traces the evolution of the development organisation BRAC, Jens Nordvig’s brief history of dollar hatred, the World Gold Council on recent trends in central bank demand, Marcelo Lopez’s conversation with Jim Grant and Jeffrey Sonnenfeld, Steven Tian and Kyle Bass […]
Scott MacMillan: Hope Over Fate
When I was a student in college, I wanted to be a development economist. My initial inspiration came from learning about BRAC’s rural development programs in Bangladesh in the 1970s/80s and I went on to write my senior thesis investigating mission drift in microfinance institutions. Unfortunately, I wasn’t smart enough to do a PhD in […]
Justin Reis Interview (Neustreet X)
Interesting recent interview with Justin Reis, the co-founder and CEO of Watchbox, a fast-growing global platform for buying, selling, and trading pre-owned luxury watches. Justin was previously the co-founder of and a partner at Presidio Capital, a private investment firm focused primarily on Asia. Some notes from the interview are below (as always, these are […]
Shelby & Gale Davis: Learn, Earn, Return
Wonderful interview (video since removed) with Shelby and Gale Davis. Mr. Davis started his career at the Bank of New York before founding an investment management firm that eventually became Davis Selected Advisers. His father, Shelby Cullom Davis, was also a successful investor and later in his career served as the US ambassador to Switzerland. […]
Readings For The Week (27/5)
Apologies for the radio silence, it has been a rather hectic month with the start of preschool for my son, some overseas travel and then the whole family coming down with Covid. Things are now thankfully on the mend. On a separate note, I can’t believe we are almost halfway through the year already. Time […]
John Goff Interview (TREC)
Below is the embedded link to an interesting and wide-ranging interview with John Goff, a private investor based in Forth Worth who worked closely with the legendary Richard Rainwater in the 1980s before founding Crescent Real Estate in the early 1990s. He eventually sold that company to Morgan Stanley for ~US$6.5bn in 2007, only to […]
Readings For The Week (29/4)
Readings/content links include Upstream Online on the growing risk of secondary sanctions for Kazakhstan, a Q&A with the portfolio managers of FSSA’s China Growth strategy, Peter Tasker assesses Bank of Japan Governor Kuroda’s 10-year tenure, insights from Platinum’s recent visit to Vietnam and Bloomberg on Zimbabwe’s reported plan to introduce a gold-backed digital currency. Upstream […]
Readings For The Week (22/4)
Readings/content links include an interview with Peter Spiller (manager of the Capital Gearing Trust), Peter Tasker’s book review of Edward Chancellor’s “The Price of Time,” potential regulatory challenges for nuclear power in the US, Doug Saunders on the Vietnamese climate trap and Merryn Somerset Webb’s conversation with Duncan MacInnes. Macro Hive: Peter Spiller on value […]
Money Talks Podcast: Succession Asia (Notes)
The Economist’s Money Talks podcast had an interesting recent episode exploring the business succession issues that are underway in Asia today. Power is passing from the often elderly pioneers of 20th century business empires and their children, down to the third generation. The podcast is hosted by Mike Bird, Alice Fulwood and Tom Lee-Devlin. The […]