Instead of just sacking the lift attendants, we have gone all out to proclaim that the world no longer needs a whole bunch of people sitting in the corners of lifts to operate them.

When you have been brought up most of your life learning how to game the system, the metric for success becomes defined as beating someone rather than curating the life you actually want.

"Don’t use a typewriter. The noise will destroy your sense of rhythm, which still needs years of training." - CS Lewis

Anyone telling you to follow your passion is already rich. No one grows up thinking: "I'm passionate about tax law", but the best tax lawyers fly private jets and have a much broader selection of mates than they deserve.

Education teaches us to be compliant, older people tend to bring up unheathy comparisons, and learning to stay humble.

“The good news is that the Italians make the pasta and the Swiss make the watches. But if we stop world trade, and the Swiss have to their own pasta, and the Italians have to make their own watches, then people in both countries, arguably, will be a little worse off.” - Howard Marks

Observations on the competitive rivalry in the VC world, recession and tech jobs in China, and how to legitimately lose money…

Deriving an accurate discount rate is a fool's errand. Value sits with the beholder of cash, who are you to say otherwise?

Singapore Airlines ends an interesting chapter of its history with the redemption of its last remaining mandatory convertible bonds.

Even seemingly intelligent humans, when desperate, gullible and possibly even bored enough, will believe nearly everything you tell them.

More than just its Canto-pop concerts, Hong Kong needs a “Taylor Swift event” to bring back the buzz and hype to the city.

When the world surprises the hell out of you and leaves you at the mercy of cash flows, anything and everything goes. Apparently what doesn't kill you makes you stronger.

Amidst the high offshore funding costs and complex geopolitical environment, putting money in emerging markets is getting increasingly challenging. In China however, embracing policy is a necessity for firms.

No amount of number crunching and analysis allow for an accurate appraisal of any company's fair value today, primarily because the free market is no longer free. Markets today are to a good extent, influenced by statecraft, driven by the common interests of various governments.

It is often said that we can't let our jobs define us. But how we do our jobs, and behave with our colleagues and clients ultimately determines the kind of person we are.

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.

For what initial public offerings are worth, they essentially represent the final destination for all stupid money, the final equity takeout representing the finishing line for all early investors in the business.

Caught between having to confirm with China's cross-border travel policies and opening up to the rest of the world, the city walks a tightrope trying to bring business and investor confidence back.

Something about the digital twenty-something year-old generation wanting unlimited amounts of liquidity, unlimited size and unrestricted access to market data just sounds wrong.

Fraud aside, a big part of what led to the downfall of FTX was attributed to a crisis of confidence, much like a bank run in the crypto-currency world.