opinion

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.

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

To revamp today's highly complex financial system using bitcoin or any crypto-alternative would simply take too much work involving several iterations of monetary reforms, even an astronomical "reset" on the global system, sending us all back to the barter economy.

With so much negativity around closed-up economies, city lockdowns, finding a vaccine, one can't help but wonder why valuations - especially

If you put your money down on the table and lose it, you only have yourself to blame. That is the only rule of the game.

'Revenue is an ego game. We could boost revenue tomorrow if we wanted. We run this company for gross profit.'

Tesla's bigger than GM and Ford?