opinion

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.

Maybe what the world needs now is to be be less pessimistic and gradually learn to embrace a new normal of a controlled market economy rather than a free economy that is jacked up on steroids.

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.

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.

People generally don’t like to be told what to do because it makes them feel like they are not in control. Instead of free will, they feel like they have been given no choice even though they might have been happy to go along.

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