Trying to make a video of that amazingly famous blood orange sunset in the #Mediterranean.
No filters needed here!
Maltese cliffs and that amazing sunset 🌅
Good food with good wine and a good view = good times!
🌊 ☀️ 🦞 🐟 🏝 🍷
Mediterranean isn’t only a holiday destination but a wonderful place live a long, healthy and happy life.
No wonder people here live to “forever”. No one here cares about your start up, flight to space or your Forbes list number.
Only the olive oil! 😂👌🏽
According to Bloomberg, two Mediterranean countries rank the highest on its Health Index (quality of health care and life expectancy).
But those living here know the Mediterranean islands are even better.
Highest quality of food, stress free & most desired living standards.
Where would I live if I was starting all over again?
#Singapore the best country in the world right now confirmed by all rankings like eduction, health care, living standards, tech advancement, etc.
This city offers incredible opportunities during the Asia century.
In the second place I would consider Nordic countries as they also offer incredible quality of life, health care, education, and job/business opportunities.
Throw in Switzerland and Dubai there too.
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Evergrande should have defaulted years ago, so this isn't a surprise.
As an investor, I do hope the Chinese don't follow the footsteps of the West, especially the Europeans, who bailed everything and everyone out — creating a zombie economy.
Risks haven't been there for only a month, they have been there for a long time.
If the Chinese economy goes through a property market de-leveraging, it will be very painful in the short term, but create a fantastic buying opportunity.
To become a great investor, focus on a multidisciplinary mindset (become a generalist).
"Most of us study something specific and don’t get exposure to the big ideas of other disciplines. We don’t develop the multidisciplinary mindset that we need to accurately see a problem."
"An engineer will often think in terms of systems by default.
A psychologist will think in terms of incentives.
A business person might think in terms of opportunity cost & risk-reward.
Through their disciplines, each of these people sees part of the situation."
Applying a "multidisciplinary mindset" forces inspiring portfolio managers to have knowledge in psychology & human behavior, ancient & modern history, fundamental securities analysis, accounting, macroeconomics, experience in negotiating, running a business, and so much more.
Our portfolio allocation is somewhat planned, but to a great extent very much accidental, as it's based upon "value" offered in different assets, regions & capital stack positions at any given time in the cycle.
In other words, it is more of an art than science.
It can be added that many other market participants do not behave under such mandate, since they are far more authoritarian in their allocation approach.
Rather than searching for value currently on offer, they'll keep buying overpriced assets as it's within their comfort zone.
Flexibility & patience are our edges to mitigate risks & outperform.
As public equities become overpriced we're likely to sidestep into real estate. And when it becomes overpriced, we'll consider special niches like litigation funding, mezzanine debt, or distressed PE deals.