November 2019 marked the end of my 12th year in China. That's a good enough reason to write up a list of investing lessons, specific to China, I've learned over the years.
This post is in PDF format. It coincides with episode 32 of China Tech Investor podcast where we look at the year-to-date performance of companies on our watchlist. (I will add the link to the podcast here later) CTI Podcast 20190812 YTD China Consumer indexDownload
Alibaba beat revenue estimates in the June 30th quarter. I've summarized the results in charts, which are updated from my last post. A nice increase on EBITA margins for the quarter (above), due to strong Core Commerce results.
Peter Thiel's talk at the National Conservatism Conference is chock full of hard questions, well-reasoned thoughts and dry humor. Absolutely worth watching, though probably easier to stomach if you lean libertarian. Investment takeaway: Avoid Wall Street banks if you think the US trade deficit will shrink. Peter brought up an interesting point: balancing trade will … Continue reading Peter Thiel: What Do We Not Want to Talk About?
Greetings, Trump and Xi will be meeting over lunch tomorrow in Osaka. Many hope to see a significant x.0 upgrade in the G2 relationship, a G2.0 if you will. The big news (so far): SCMP is reporting a tentatively agreed truce and joint press releases to be out before the meeting. The report also says a … Continue reading Links of Interest 2019.Jun.29
This is my transcription of Michael Pettis's interview with SuperReturnTV. Interviewer: How has Donald Trump affected US CHINA relationship? MP: China has a current account surplus, of course. And it needs that current account surplus because China has a big problem with demand. It has insufficient domestic demand so it has to balance that with … Continue reading Michael Pettis: The US-China Relationship
Good morning, About 6 months have passed since the last Links of Interest, I hope you are surviving these turbulent times. I've been busy with a number of things, mainly reading and research. I am now on Bloomberg (James Hull - Hull Research), feel free to IB me. I am writing more on this blog. … Continue reading Links of Interest 2019.Jun.21