Seth Klarman and When to Ignore Growth in Digital (Asia Tech Strategy – Daily Lesson / Update)

I’ve covered three topics that relate to digital valuation: DCF Discount rates Growth, ROIC / RONIC and value However, I have made one big assumption in all of these. That is the primary goal of the business (and focus of valuation) is profitable growth (i.e., growth that creates economic value). So much of the investment […]

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My 9 Investment Questions (Asia Tech Strategy – Podcast 75)

This week’s podcast is about my investment checklist. Which is really just 9 questions. Shown below. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya.     My competitive strength and defensibility pyramid:     My handwritten checklists for various companies.         Charlie Munger’s Speech on the Psychology of Human […]

My 9 Investment Questions: Part 1 (Asia Tech Strategy – Daily Update)

I’ve been teaching a private equity class at CEIBS in Shanghai for like 5 years. I call it private equity but it’s really about how to analyze companies and investments. Regardless of whether it is private or public. Whether the approach is active or passive. It’s basically my checklists, which are 9 questions. I’ve mentioned […]

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