Discovered today that a few anonymous haters (one of whom is a convicted felon - he was imprisoned for defrauding investors out of hundreds of millions) published my "career history" a few weeks ago to smear my reputation.

Their biased summary is an attempt to rewrite history.
Some facts -

I was a Founding Director/major shareholder (one of three business partners) of my first investment management firm which was founded in 2001 (when I was 24 years old).

After discovering questionable conduct, I immediately resigned from that firm, sold...
...my shares and founded my own boutique investment management firm in 2005 which managed capital for companie, family offices and high net worth individuals.

I ran my firm until 2016, which is when I retired from the business and my company was acquired by a Hong Kong...
...listed asset management group.

Both my firms were regulated by the Securities & Futures Commission of Hong Kong, I was registered as a "Responsible Officer" (Type 9 and Type 4 activities) since 2001 and had a perfectly clean record.

No reprimands or disciplinary actions...
...against me or my firm.

For 15 years, I was also a regular guest on Bloomberg, CNBC, CNN, BBC, RTHK Radio (4-5 interviews per month) and also wrote monthly columns for the South China Morning Post (Sunday Money), HK Business, HK Economic Journal, HK Economic Times etc....
...Once or twice, I was also quoted In Barron's.

Since 2016, I have been contacted by various people to either manage their fund or join their firm but I have declined all offers.

I don't even monetise this account.

Hope this is helpful.

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More from @saxena_puru

30 Jun
1) Portfolio update Jun-end -

$ADYEY $AFTPY $AGC $CRWD $DKNG $DOCU $FVRR $GHVI $GLBE $LSPD $MELI $OZON $PINS $PLTR $ROKU $RTP $SE $SHOP $SNAP $SNOW $TWLO $UPST

Return since 1 Sept '16 -

Portfolio +731.24% (55.03%pa)
$ACWI +72.91% (12.01%pa)
$SPX +97.96% (15.19%pa)
2) YTD return -

Portfolio +29.38%
$ACWI +11.40%
$SPX +14.41%

Biggest positions -

1) $GLBE 2) $SE 3) $MELI 4) $ROKU 5) $SNAP

New buys - $FVRR
Sales - $CPNG $PATH

Contd....
Commentary -

June turned out to be a good month for my portfolio.

After the spring swoon, growth stocks finally rebounded on the back of declining long dated rates and this benefited my portfolio.

During the month, I made a handful of changes. In terms of sales, I got rid..
Read 14 tweets
24 Jun
If a business has a super bright future, usually pays to buy shares for the long haul.

Many keep waiting for big pullbacks and miss out on life changing returns.

Few % here or there makes no difference if stock goes up 100s of % over several years.
In my 20+ year career as an investor, I've lost out on most money by NOT buying into super high-quality businesses because their valuations seemed "too high".

Those stocks ended up rallying 100s of % and well, the cheap stuff usually underperformed. Strange but true.
Fortunately, I've learnt from the school of hard knocks ---

Lesson ---> Pay up for quality

Own the best businesses, not the cheapest stocks.
Read 4 tweets
28 May
1) Portfolio update May-end -

$ADYEY $AFTPY $AGC $CPNG $CRWD $DKNG $DOCU $GHVI $GLBE $LSPD $MELI $OZON $PATH $PINS $PLTR $ROKU $RTP $SE $SHOP $SNAP $SNOW $TWLO $UPST

Return since 1 Sept '16 -

Portfolio +624.34% (51.72%pa)
$ACWI +69.86% (11.80%pa)
$SPX +93.66% (14.93%pa)
2) YTD return -

Portfolio +11.68%
$ACWI +9.69%
$SPX +11.93%

Biggest positions -

1) $SE 2) $UPST 3) $GLBE 4) $SNOW 5) $MELI

Contd....
3) Commentary -

May was a tough month for growth companies as most related stocks came under the pump before stabilising.

Fortunately, my trend following indicators got me hedged in time and my portfolio remained market-neutral during most of the month which is reflected...
Read 11 tweets
13 May
Bitcoin network energy consumption -

Only 29 nations use more electricity annually; all the other countries in the world use less electricity than the Bitcoin network!

*CLICK to expand chart
Distribution of Bitcoin mining by country (2020) -

65% of Bitcoin mining is done in China!

This is the new 'safe haven, 'decentralised' money!?

Think again.
Bitcoin ownership distribution -

Is this really a 'decentralised' asset? Think again.

ONLY 2.14% of accounts own 94.77% of Bitcoin!

No wonder the whales are marketing it aggressively; as they benefit from rising demand (i.e. higher price).
Read 4 tweets
10 May
$ARKK - Broken down; brace yourself ⚠️🚨🚩
After parabolic rise last year, this is the completion of a topping formation and the beginning of the Stage 4 decline (which is usually the most vicious).

My portfolio got hedged about 10 days ago and now, I'm marginally net short.
Trolls were making fun of me about a month ago for going from leveraged long to hedged.

Who is laughing now!?

Always pays to listen to the market; being stubborn is a recipe for disaster. When it comes to portfolio holdings, its okay to be wrong, not okay to stay wrong.
Read 4 tweets
9 May
**THREAD**

A new currency *must* be handed out to each person at the same VALUE i.e. the swop with fiat currency has to be done at the same exchange rate for everybody.

With crypto, the miners and early HODLERs have paid very little for their tokens + now they are marketing...
it as a new 'currency' and the new buyers are swopping their fiat currency and buying in at higher prices - paying much more than the early buyers.

This is NOT how a new currency is introduced - this is akin to a Ponzi scheme which requires new $ to keep it going, so early...
buyers can cash out - there is NO value creation.

At any point in time, the cumulative sum of all net cash put in by losers will equal the cumulative sum of all net cash taken out by winners (excluding mining costs).

This is a bubble, clock is ticking. Good luck.
Read 6 tweets

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