Stuck with day-to-day fire fighting, I finally got around to read the excellent article by Michael Lewis. It is a wonderful article of how the whole financial sector breakdown, to the world we have today, in simple terms of how CDO and CDS adds to the mess we are in. (I understand CDO, but I […]
Category: Investments
Deal Flow Is Dead, Long Live Thesis Driven Investing
This flow-centric business model made a tremendous amount of sense when the venture industry was relatively small and immature. Back then, there were only a handful of competitors and funds were relatively modest in size. For example, in 1980 there were only 183 venture capital firms and each firm had an average of only $41.6M […]
The law is whatever the Chinese government say it is
Gen Kanai left a comment for me to read this entry by Paul Denlinger. Paul who spent the last 20 years in China said: “For many Chinese, “the law” is whatever the Chinese government says it is.” The law in China is complex. They are subjected to interpretations by officers, at state, at provincials and […]
The $1.4 Trillion Question
Americans sometimes debate (though not often) whether in principle it is good to rely so heavily on money controlled by a foreign government. The debate has never been more relevant, because America has never before been so deeply in debt to one country. Meanwhile, the Chinese are having a debate of their own-about whether the […]
VC meets Reality TV
You Be The VC contest Damnit, we were just brainstorming about this same idea a few weeks ago!
Techcrunch40
Techcrunch already has a great coverage of the Techcrunch40 event so it is pointless for me to repeat here. Beside, I was busy running around, speaking to people, catching up with old friends and making a lot of new ones and not really paying attention. So instead, I will cover a few companies I saw […]
Interactive credit crunch
Bought to you by FT Who say subprime credit woes cannot be fun :-)
How to value a startup
With just an idea and no track record to speak of, it is not easy to value a startup at the idea stage. In early stage company that is still losing money, a common method is to use discount cash flow. Briefly, project how much the company is going to worth 5 years later assuming […]
Buy and Forget strategy
3 years ago, I learnt a small lesson on the investment principle of Buy and Forget. One of things I learnt from Warren Buffet is to consider every stocks you buy or sell as if it is the last transaction you do in the next 10 years. (Go sailing for 10 years before you return, […]
Industrial and Commerical Bank of China
A friend just pointed me to this article: ICBC’s indicative price range offers discount versus peers Price range indicates pre-greenshoe deal size of $15.9 billion to $19.1 billion for combined H and A share offering. The offering has the potential to become the world’s largest IPO. Industrial and Commercial Bank of China has set a […]