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View From The Harbour

2015-09-25, Clement Chiang

Last week we attended the annual Asian-focused CLSA Investor Forums in Hong Kong. It was a whirlwind of presentations, management sessions, and speeches.

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Climbing Efficiency

2015-07-24, Clement Chiang

As long-term shareholders we look for durable ROE – efficiently run businesses that can sustain above average returns on capital over long periods of time.

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8 A.M.

2015-05-22, Clement Chiang

Groupthink occurs when the desire to conform prevents alternatives from being considered. It’s a risk every performance-minded team must actively avoid.

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Knowing The Knowable

2015-02-20, Clement Chiang

As bottom up investors we prefer to focus on the characteristics that make a great business and the valuations that provide a margin of safety.

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