fundamental-driven investor, history observer, and a tireless traveler.
Jan 14, 2022 • 8 tweets • 2 min read
My Investment Process
It starts with a 6 parts diagram.
1⃣Signal: idea origination.
2⃣Filtering: To kill, watchList or research the idea
3⃣Research: DD
4⃣Portfolio Mgt: enter/exit, sizing
5⃣Portfolio Maintenance: continuous eval on/off ER seasons.
6⃣Execution
🧵 #Investing
Principles:
🟢Process is NOT static, it is a living one. I continuously evaluate/improve it. Thus welcome u feedback.
🟢Measurement is prerequisite to improvement - I try to measure each moving piece.
🟢Post mortem often, and embrace mistakes.
Jul 30, 2021 • 10 tweets • 6 min read
In a Chinese tech space talk this week, @SpecialSitsNews mentioned a special situation idea - $SOHU.
It took me back to memory lane.
We all know 🇨🇳 giants like:
3 BAT amigos $BIDU $BABA $TCHEY from 2000s
Newcomers $PDD $JD Tiktok from 2010-20s
Who is $SOHU?
time for a 🧵 1/ $SOHU, together with Sina (went private), and Netease ($NTES), were 1st generation Chinese internet giants at the turn of the 21st century.
Its current core businesses include:
✅online media/video/RE
✅online game changyou.com
✅Search
May 3, 2021 • 10 tweets • 4 min read
1/7 $UPST analysis from @InvestiAnalyst, a fairly comprehensive/solid analysis worth reading. I present my opposing view to offer a diff perspective.
✅ $UPST likes to talk about AI, however, like touting app running on Linux, software written by c++, AI is just an...
2/7 .utility, the heavy lifting framework is done and available to all.
✅ the real ratio of whether one can measure loan risk accurately, and price loan competitively is net interest for the whole portfolio, adjust for loss/provision, whether it is a platform or an underwriter
