Hong Kong

Emperor Watch – An Undervalued Entity

[caption id="attachment_676" align="aligncenter" width="1280"] Emperor Watch & Jewellery stores line the streets of Hong Kong where tourists and locals abound.[/caption]   Emperor Watch - In my previous musings on investing and life, one of the topics which I wrote about was the idea on valuation. While one can do fancy valuation on a company, it is an extremely subjective exercise at times that can be fraught with inaccuracies. The reason why Buffet does it so darned well in my opinion is because his mental models allow him to validate the value that he is putting on the company. If you are up to Buffet's level of genius, sure, by all means do and invest in what he does. But if you feel that you may be lacking in that department, it may be wise to take another approach. Which is to look at companies through the lens of statistical cut off points. The frequentist in me looks for value through those very filters. And then, the deep dive into the annual reports before puling the trigger. (more…)

Issues On Debt

Thalassa Holdings – Up Up Up And Away

Chart Of Thalassa Holdings They say that time is the friend of a great business but the enemy of the mediocre. While that statement has a pervading ring of truth to it, the sagely quote excludes commodity businesses with a high probability of self sustenance and mean reversion into the future. Can I tweak that to say time is the friend of those companies that can survive an industry downturn? (more…)