Introduction This paper is part of a continued journey in exploring the topic of company culture. As discussed in prior White Papers, by observing great investors around the world, we can assume that making company culture a predominant part of the investment research...
1The Interactivity of DianPing 点评 DianPing is China’s largest word-of-mouth lifestyle app. Everything from cafes to salons to entertainment to hotels exist on DianPing. Opportunities for the US market: Unlike western review apps like Yelp or Tripadvisor,...
A capital allocator’s culture Introduction In my first conversation with Guy Spier about writing a white paper, I mentioned to him that I have a list of individuals I thought of interviewing. “Do you have an opinion on which person I should interview?” I asked,...
FOREWORD I wrote this primer on the CRM software industry as part of an internship with Aquamarine Capital. I am not an industry expert, so think of this white paper as more of a conversation starter than my final word. If, after reading this, you have insights or...
The Future of Investment Research Learning in Public 30th June, 2021 The Future of Investment Research: Learning in Public There is a revolution happening in investment research. Twenty five years ago, only a minority practiced fundamental analysis. Staring at the...
Envy is Not the Worst. Of the Seven Deadly Sins, it’s the Most Auspicious. Warren Buffett and Charlie Munger are fond of saying that envy is the worst of the seven deadly sins – because, unlike the others it’s no fun at all. The response – from...
