A very cool event in Changsha. The Broad Group is putting up the world’s tallest tower in 90 days. This follows on their recent building of a 30 story tower in 15 days (video here). A good story about the power of pre-fabrication. Two big China capabilities- manufacturing and real estate – are being combined […]
Tag Archives: Value Investing
Investment Thoughts from a Boracay Beach
I’m writing this month’s letter sitting at the Coco Bar in Boracay, Philippines. A typhoon is inbound in a few hours so the beach and bar have mostly emptied out. It feels a bit eerie and ominous. Although, that could be from the big rum drinks. A couple of things I have been mulling over […]
Kevin Carter of Baochuan Capital on China Mobile, Li Ning and Other “Safe” China Stocks
It is the China paradox. At the same time Chinese companies are growing stronger and stronger, Western investors are growing more and more pessimistic about them. Jim Chanos says China is “Dubai x1,000”. Muddy Waters and other short-sellers are uncovering one Chinese stock fraud after the next. Western investors looking at China are seeing disturbing […]
Darek Klonowski on Polish Inter Cars SA and Eastern Europe Private Equity
For obvious reasons, Central and Eastern Europe is on the short-list of emerging markets to pay attention to. Labor costs are relatively low. CEE companies can sell directly into European markets. And they can draw directly on European talent. In general, few things facilitate development like having a major economic power as your neighbor. This […]
Peking University Guanghua press release on 2011 course
Kind of an interesting press release from Peking University Guanghua Business School from 2011. Not 100% accurate but interesting.
Jonathan Woetzel of McKinsey: Reality vs Fantasy in Chinese Secular Trends
Nearly everyone talks about China in terms of large secular trends – GDP growth, consumer spending, etc. – but Jonathan Woetzel has been living and working in China for almost 20 years and has unique insight into the truth and fantasy of such trends. Jonathan Woetzel is the “go to guy” for understanding China’s rapidly growing […]
Erik Bethel of SinoLatin Capital: Investing between China and Latin America
Some of the best opportunities in global value investing today are in highly inefficient and largely undermined special situations – such as in the surging natural resource deals between China and Latin America. Erik Bethel, founder of SinoLatin Capital, got there first. He was arguably the first investor out of China to be on the […]
Peter Williamson: Cross-Border Investment Trends to Watch For
Value investors have long been obsessed with trends. The secular ones can provide a measure of certainty and the cyclical ones can provide buying opportunities. It’s a useful obsession. One of the advantages of global value investing is that one can study not only domestic trends (such as consumer demographics) but also cross-border trends. The […]
Melak Investments on Value Investing in Post-War Iraq
Today’s Iraq may well be the world’s purest form of value investing. Virtually every company in every industry is struggling. Struggling to grow and to restructure. The entire country is effectively a turn-around situation. And at the same time, Iraq has 20% of the world’s oil reserves. So the value is already there, amidst a […]
Petra Capital on CJO Home Shopping and South Korea’s Volatile Small-to-Mid Caps
South Korea is one of those economies that global value investors pay attention to. It is export-driven. It is relatively small. And it sits adjacent to emerging market behemoth China. The entire economy could almost be considered a cross-border special situation. In this, it has a lot of inefficiencies that global value investors hunt for. This month we […]