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12 Investing Lessons Learned after 12 Years in China
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.
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China Consumer Index vs. CTI’s Watchlist
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)
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Alibaba Q1’2020 Earnings Update
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.
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Peter Thiel: What Do We Not Want to Talk About?
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… Read more
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Links of Interest 2019.Jun.29
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… Read more
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Michael Pettis: The US-China Relationship
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… Read more
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Links of Interest 2019.Jun.21
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.… Read more
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Full Transcript: Chuck Akre with Patrick O’Shaughnessy
Quick note: I transcribed this rather quickly, shortened some parts and I may have missed things. I’ve also shared some takeaways and my favorite quotes from this conversation in a much shorter post. If you want to share, please link to the original transcript at this webpage and attribute transcription to James Hull. Thank you!… Read more
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Every day is a learning day – Chuck Akre
Chuck Akre of Akre Capital Management was on Patrick O’Shaughnessy’s Invest Like The Best podcast. After listening to this twice in one day. I’ve taken the pleasure of transcribing a fair amount of the podcast, which I will post after this. In this post I will share some takeaways and my favorite quotes. Some Takeaways… Read more
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Tencent 1Q19 Earnings
Tencent announced 1q19 results on May 15. As you can see, I’m getting around to publishing my notes on Tencent’s earnings quite late here. In the future, I will post my thoughts sooner. Key Takeaways: New business segment “FinTech and Business Services” Cloud services are the “business services” Sales channel for business services will revolve… Read more