Recent Posts

September 5: China Visit

By Derek On September 4, 2014 No Comments

“He who wishes to be rich in a day will be hanged in a year.” Leonardo da Vinci


We are just back in the saddle from a two-week vacation deep into the ancient hill towns of Tuscany. Despite having two small museum-hating children in tow, we spent several days in Florence, the birthplace of the Renaissance. Built by the Medici, bankers to the Pope and the Goldman Sachs of their day, the city was host to such incredible minds as those of Petrarch, Dante, Da Vinci, Michelangelo and even

Click here to continue reading

August 6: Vietnam Visit

By Derek On August 6, 2014 No Comments

“In America, the best people go into the private sector. In Singapore, the best people go into government. In Vietnam, the best people leave the country.” Long time Vietnam observer


I am just returned after a very interesting trip to Vietnam where I met movers and shakers in the corporate and government world in Hanoi and Ho Chi Minh City. My first visit to the country was 14 years ago and I have been several times over the years witnessing a curious form of development. China seems to develop

Click here to continue reading

May 16: Alibaba IPO

By Derek On May 17, 2014 No Comments

“We envision that our customers will meet, work and live at Alibaba, and that we will be a company that lasts at least 102 years.”

Jack House 3

Unless you live under a rock deep in a cave somewhere on Pitcairn Island you probably know Alibaba Group Holding just filed its F-1 Registration Statement with the SEC last week for a much hyped and much anticipated IPO. The deal will be underwritten by CS, DB, GS, JPM, MS and Citi. Having read the full F-1 of 345 pages (twice), I have

Click here to continue reading

May 02: War & Stocks

By Derek On May 2, 2014 No Comments

“War, huh, yeah
What is it good for
Absolutely nothing…”Edwin Starr


War may be “good for absolutely nothing” from a humanitarian point of view but in many cases war is actually good for stocks. As Russia fields more masked thugs on the highways and bi-ways of Ukraine investors should be asking themselves what are the probabilities of escalation and furthermore – what are the consequences? We look at wars over the last century and their impact on asset prices in this week’s EMI.

“Any excuse will serve

Click here to continue reading