Caveat Emptor

 One industry. Two strategies. The technology industry is a different monster compared to traditional boring companies in my existing portfolio. The more I read about Tencent and the technology industry in general, the more it seems to digress from traditional value principles. Instead of hoping to succeed in a monopoly position in a state of no change, technology industries seek to expand and capture market share aggressively and create fundamental changes to stay ahead of the pack. Even the strategies it adopt are vastly different from the traditional companies I am holding. Here is a break down of the competitive strategies in the china scene (BAT) between Alibaba and Tencent  1) Underlying monetization strategy Alibaba - online mall REIT. Able to raise the rental of internet storefronts. High dependent on MAU and continual visitor inflow to be viable. Or else, vendors can uproot and shift to competitors.' Tencent - focus on platform as revenue generator. Su...

Advanced Scuttle-bug analysis Invest in what do you know is one of the most fundamental concepts of value investing. However, how much do we actually know and how much do we think we know ? That is the most important question. I chanced upon Teh Hooi Ling's article in the weekend business times about the documentary, The China Hustle. Personally, she is one of the few Singapore Female fund managers that I knew about. As a regular contributor to the Business times, I came to respect her views and her neutral assessment of the financial landscape. And that led me to The Chinese Hustle. https://www.youtube.com/watch?v=oQGpdgV_ifI Understanding of Chinese and using you-tube subtitles can be vastly useful. Embedding is not allowed for this YouTube video. Links https://www.businesstimes.com.sg/authors/teh-hooi-ling https://www.businesstimes.com.sg/investing-wealth/china-hustle-movie-mirrors-s-chip-blow-up https://www.youtube.com/watch?v=oQGpdgV_ifI https://www.marketwat...