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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Lessons from Cheah Cheng Hye on China Stocks and Uncertain Terrains (Asia Tech Strategy – Daily Lesson / Update)

There is a lot of political uncertainty around China tech stocks these days. But this is not anything new. China and other rapidly developing economies always have greater uncertainties. And I think avoiding such uncertainties is not a great strategy. It’s better to learn to navigate them. The person that comes to mind for this […]

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