17 May Adapting the Search for Hidden Champions in Asia
In the Asian capital jungles, outbreaks of accounting frauds, corporate governance lapses, and asset expropriation are erupting on a systematic basis at the firm level....
In the Asian capital jungles, outbreaks of accounting frauds, corporate governance lapses, and asset expropriation are erupting on a systematic basis at the firm level....
“Tous nos autres biens sont investis dans nos entreprises et nous voulons qu'ils y restent." “All other assets are invested in our businesses and we want...
In recent years, Asian markets have witnessed many cases of dramatic share declines in companies where controlling shareholders and directors pledged their shares to banks...
In our unrelenting effort to serve value investors and the public, “to explain, exhort, encourage, inform, educate, advise” in the timeless wise words of the...
While a high-conviction investment strategy has worked well for investment businesses such as Investor AB, we believe that value investing needs to be adapted in...
True value investors do not blindly look for the attributes (such as “rising tide”, “cheap” P/E ratios or attractive yield spreads relative to historic “cycles”)...
“If a red ant were 8 inches high, the geometrically proportional weight of its body would crush its external skeletal structure. And if an Indian...
In the book Capital Returns: Investing Through the Capital Cycle edited by Edward Chancellor, the capital cycle analysis can be adapted to make informed decisions...
Once you have found your North Star, keeping it in view is a fine way to stay on course, as long as the sky remains...
Hidden Champions are the vanguards of globalisation. They are focused, specialised and narrow in the substance of their business and expertise yet wide in the...
“Is there a “natural limit” or “stall point” in the size of the business by industry and country as the entrepreneur attempts to scale up...
Scuttlebutt research is a classic trademark of Warren Buffett’s mentor Philip Fisher’s value investing style. Fisher’s commitment to fundamental research, as detailed in his classic...
“You look at all the successful companies, what is the key? Their brainpower. The thinker, good management, good innovators...
“Governing with excellence (德) can be compared to being the North Star: The North Star dwells in its place, and the multitude of stars pay...
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