I recently wrote a piece for Technode on $PDD Pinduoduo's free cash flow. I believe their restricted cash is mucking up the analysis. Have a read here: https://technode.com/2019/03/22/pinduoduos-free-cash-flow-conundrum/
Naval’s How to Get Rich (without getting lucky)
This is easily one of the best modern pieces of advice, probably on par with Kiplinger's "If" and Ehrmann's "Desiderata"
Some links – 28 May, 2018
Trend: Rising (Investment) Protectionism With eye on China, EU Parliament pushes tougher line on investments (R) It's about to become harder for Chinese entities to invest in American companies (A) Canada blocks Chinese takeover of Aecon on security grounds (R) Trend: China Trying to Improve Financial Stability Secretive Financial Group Unloads $3.5B Trust (CX, May-24) … Continue reading Some links – 28 May, 2018
LongHedge 