Markets

Curating and designing the short-term narrative towards a high value sometimes comes at a cost.

There are no formulas for the correct cost of capital. There are only astute decision makers and those who are afraid to get caught on the wrong side of the outcome.

No crowds. Only a handful of shops open. Lounges are dead.

Rather than using leverage as a financing tool to grow business, a large part of leverage today is being mis-used as a product by bankers to profit from greedy customers who want to achieve outsized investment returns.

Do I think an investment into crypto or bitcoin take off? I do not know. More important than what I think is actually what others think.

The reality that Hong Kong now has to go out at length to advertise itself reveals how much its economic environment has deteriorated over the last few years.

Our lack of understanding in how different countries are being governed are rooted in bias, largely based on what we are familiar with and what we are not.

Without connecting the numbers to a story, projecting cash flows simply becomes an emotionless exercise of numbers.

So, none of this makes sense anymore. For a long time, offshore financing - which was predominantly priced off the LIBOR or overnight...

If the central banks got it wrong on monetary policy, can we also assume that the valuation models that we have done and relied on for the last two decades are also flawed?