The things I say and do
Eating hotpot is great even if you are doing it alone.
A few observations
"Illiquidity Is The New Leverage And Flows Are More Important Than Fundamentals" - Eric Peters, CIO, One River Asset Management Tulip...
The changing narrative on China
Embracing policy is a choice for investors offshore but a necessity for firms operating in China.
The end of free market principles
The market economy is now to a good extent, influenced by statecraft, driven by the common interests of various governments.
Fair value vs high value
Curating and designing the short-term narrative towards a high value sometimes comes at a cost.
Redundancies
"You don't have to have every single answer. It doesn't matter how many blue trucks a company owns. More important is what can you do in...
The era of bullshitting is over
Social media had only really started to take off some time in 2009. In the 2020 TV documentary The Social Dilemma, the show talks about...
Reflections for the year end
"In the end, I am a teacher; that is really how I see myself." – Jorge Paulo Lemann When we think about teaching, instructional delivery...
No such thing as fair value
I always have had interesting conversations around the assumption and concept of terminal value (TV) in my valuation and financial...
A new new normal
It has been a relatively productive two weeks in Singapore. Most of the conversations I have had ranged from my life in Hong Kong to...