Michael Fritzell (Asian Century Stocks) (@MikeFritzell) started following @diane_singapore on Oct 1, 2024

전체적으로는 크게 비중 실었던 부동산이 별 힘을 못쓰면서 동기간 시장수익률 정도만 간신히 나지 않았나 싶고, 같은 금액을 $QQQ 에 넣은 것 대비는 약간 못하지 않았나 정도의 생각이 있습니다. ㅎㅎ 그래도 4-5루타씩 친 종목들이 있어서 체면은 차린 것 같습니다.

최근에 AI 테마가 local maxima를 지나고 있음을 느끼며 다음 먹거리를 고민하게 되는 시점인데, 마땅한게 안 보이네요. 다음이 언제가 될 지는 모르지만, 무언가 나누고 싶은 재미있는 의견이 생긴다면 언젠가 또 돌아오겠습니다. 다들 성투하세요!

Beautiful.

Urgency.

How can you lose money for 5 years straight selling cookies? https://t.co/UOq35FV52S

RT @finance_schmidt: Performance YTD: 65,0% Performance since 01.01.2017: IRR: 32,75% TTWROR: 428,85 I just published a d…

It was inevitable that smart individuals would take advantage of the inflation produced by fiat money. As happened in Germany 1919-1923. But let's not pretend that these private equity gurus have improved economy-wide productivity.

"Industrialist"? No, he simply reaped the benefits of low interest rates, while minimizing risks to himself by letting limited partners take potential losses https://t.co/pL0itsx3vu

Chinese tech has become a proxy for Asia. Listen, there are 10,000 other stocks to choose from... you don't have to speculate in Pinduoduo

RT @pradeeepk: Bought USDSGD USD seems cheap broadly

RT @smartkarma: Let’s take a look at Michael Dell’s track record: Since 2001: - 54pc weighted 1Yr average return - 100pc hit rate So…

"The reason [Halyk Bank trades] so cheaply is that 69.5% of the stock is held by crooks - Dinara & Timur Kulibayev... daughter Nursultan Nazarbayev... The current President of Kazakhstan is going after the Nazarbayev family and anyone else who looted the country"

RT @MikeFritzell: What I learnt from the biography of Adolf Lundin. He was the founder of the Lundin group of companies (IPCO, Africa Oil,…

Malaysian stocks: now yours to buy https://t.co/numDVgzYak

The Switch 2 better be a success... https://t.co/wq2jiklj8F

RT @zerohedge: There goes the 2nd most crowded trade. https://t.co/WlqVeL8IUJ

RT @pelabursaham: Best day for China markets in 15 years https://t.co/n8nxJDRhX3

What are your main concerns about finance related newsletters? Just curious

Gen Jim Mattis on why Russia invaded Ukraine: want veto authority over countries nearby https://t.co/RyAyOjtV7m

https://t.co/fRCwFAplVw

Pangolin: "Currently, there is an interest in Malaysian equities that we’ve not seen for years: brokers are seeing more enquiries from foreign funds; our fund is seeing more meeting requests; and brokers are even using the word ‘hot’ to describe Malaysia" https://t.co/UXpchnimRj

David Webb: "About 90 per cent of Hong Kong-listed companies have controlling shareholders, and these controllers vote to elect the INEDs, so they are only as independent and competent as the controlling shareholders want them to be" https://t.co/PnmF7lRi1f

RT @joinyellowbrick: @investingichina @blondesnmoney @Healthstockpick @PatrickZhou1 @eferbre @sammutgabi @IdeaBrunchEmail @Decipherintl You…

RT @marketcompiler: $SONY: Scalpers are selling Sony's PS5 Pro special edition for thousands more than they paid for it #NYSE #MSCI #FTSE…

China is where it's at https://t.co/G4Lz3yJfcb

RT @edascender: @MikeFritzell China Overseas Property is a great write-up which explains an industry unique to China. It strikes me as a sm…

RT @david_katunaric: $TCU.SI is the highest quality micro-cap business I've encountered in a long time — possibly ever I've shared my reas…

Yes we can be more precise than just saying "bubble": 1. Ponzi finance: widespread borrowing at negative carry 2. Attention cascade: speculation due to new era theory 3. Misperception of the value of an asset 2000s bubble had parts of 2&3 but unlike the Tulip bubble, no debt.

TLDR: Don't sell government bonds just yet

Therefore plausible that meritocratic societies will make you happier when it comes to work

What brings happiness in work: Earned success - creating value & being recognized Service to other people - lightening others' load https://t.co/MCiWbP2rpV

The wealth effect is real, when it comes to luxury goods

RT @mochistocks: If you're into Japanese stocks - 10 tools you won't wanna miss: https://t.co/8AaIUpjrq1 https://t.co/7KXP2H8Nw5

RT @topdowncharts: EM Equities ex-China are breaking out from a Brobdingnagian Base -- here's what to expect next: https://t.co/RBMd84M516…

RT @janeo1934: Credit Bureau Asia (SGX:TCU) starting to look interesting. Credit bureau in SG & Cambodia in a monopoly/duopoly market, st…

RT @RockBtmEntries: The Dollar is acting very heavy at key support. A move below Par will incite panic buying in Precious Metals. $DXY $G…

RT @realGeorgeHotz: Cope incoming, but it's true and it's not just steel. https://t.co/cI8qvl7VXI

As always, be careful what you wish for... Bangladesh had been on the right path until now

This is what showed up on TikTok at the time. https://t.co/B9XItc8j3k

Media has become incredibly foolish. Everyone loves Yunus so the new government must be a step up, right? As effective as the positive PR campaign we saw in media after the Taliban takeover of Afghanistan. Nobody seemed to care.

The idea was the Philippine Stock Exchange. Throughout history, when interest rate decline, fixed income experience loss of income and frequently decide to switch into stocks. That's exactly what's playing out in the Philippines right now.

Philippine trading volumes picked up, right after the mid-August interest rate cut. Retail investors have started moving out of fixed income into stocks. https://t.co/tr0F4D3eKY

RT @timothyhliu5: Tepper interview full audio (28 min), starting at 25:00 mark: https://t.co/m65QoD9Nqu Wish these anchors would interrup…

RT @StockCompil: Bilbel Capital on Tianjin Development $882 HK Thesis: Tianjin Development, backed by valuable Otis China shares and massi…

RT @smartkarma: ✨ Bali Tourism Recovery - What a Setup for Multi Bintang (Heineken Indonesia)! * Market leader of beer consumption in Indo…

Bear case for Major Cineplex: snakes https://t.co/iCDn1Qx8WX

Seems likely. My Hong Kong stocks are up, but nothing like the Chinese ADRs.

RT @investingichina: According to $BABA Alibaba’s disclosure, Chairman Joe Tsai @joetsai1999 bought an additional 1.45 million shares of A…

Explain this https://t.co/q37oGdrBin

Upping this thread. I wasn't able to reply to all your messages but most of them!

LESS SHTCO MORE T1TCO 🦅🇺🇸

RT @ChipsAhoyCap: “Really not a good day to be short Memory & Semi Cap stocks, or be NYC Mayor Adams.” - Mizuho TMT Spec Sales Take a bow…

RT @StockMKTNewz: This is what it looks like when Costco opens a location in China 🇨🇳 https://t.co/sTiVU66XLa

Samyang's buldak noodles now selling at a discount at Fairprice? https://t.co/g0x22l3emC

RT @pelabursaham: Hang Seng Index is about 19% up from September lows lol

If generative AI tools can do the coding we'll need fewer programmers and more entrepreneurs creative enough to think of products the market might need

RT @qcapital2020: Tepper in 2010 telling you to buy everything Sounds familiar hmmm https://t.co/EhX9H7vr8U

Yes but what's happening more and more is that niche communities are formed online and then meet in real. Just look at Lenny's meet-ups. They would not have happened without his newsletter.

RT @FrederikNeckar: Top Five Regrets of the Dying (A Life Transformed by the Dearly Departing, Bronnie Ware) https://t.co/UJLxmkfeIh

I bet he told them "Unleash a stimulus package in 3-2-1... go!"

RT @SquawkCNBC: "Japan's going to run too fast if they really stimulate there," says David Tepper. "When Japan runs too fast, they're gonna…

Amazing how dated some of these fonts feel https://t.co/ADaJqi5hwr

RT @SquawkCNBC: What is David Tepper buying in China? "Everything," he says. "ETFs, I would do futures - everything. Everything." https://t…

RT @Convertbond: All In - David Tepper just said he broke (risk) limits to own China, 15-20% is usually his limit, but we think he is highe…

For those of you who missed my post on alternative data sources, check it out. I promise you it'll be helpful in assessing consumer or software stocks. https://t.co/pX3ENcrRZj

I read the VIC post on Nextage, become excited and then when I plot the margins I realize they must've over-earned in 2021/2022. Presumably due to the semiconductor chip shortage? How could the author not have mentioned this in the post? https://t.co/x9gXWHHGDg

https://t.co/RJiWgszzYg

Strange. Who is this guy? https://t.co/HmUeFIyAYT

RT @longriver_hk: The last five years in markets, summed up in one chart h/t @TheTranscript_ https://t.co/x3IMHH9dGX

RT @StockCompil: Bilbel Capital on Dream International $1126 HK Thesis: Dream International, with long-standing ties to Disney, offers ste…

RT @pelabursaham: Off to Borneo again. Now to brilliant, bewildering Sabah went to the top of the world last time I went. Then got Covi…

Sounds like an "energy transition" is a misnomer. It's rather a creeping soft ban on hydrocarbons. https://t.co/1oxqj9SIvA

"Every other energy transition has been energy addition. Oil was discovered in 1859, overtakes coal as the # energy source in the 1960s. Last year, the world used more coal than it's ever used, 3x that used in the 1960s. Now can you change everything in 25 years?" - Daniel Yergin

RT @jljzen: Japan warship sails through Taiwan Strait for first time, reports say https://t.co/0ZKWX0HECj

"There will be no return to the old EU-China modus operandi. China has changed and so has the EU’s attitude…Shrinking…weight in the global arena…imply that the EU should use its leverage now, before it wanes. The EU’s main lever is its single market." https://t.co/bSWJZ6NcDW

https://t.co/CF96iNapXk

👀 What phase is this in India's stock market bubble?

RT @88888sAccount: "yeah we did a deep-dive on this one" https://t.co/blQ9lBz9Fd

Signs of speculation abound https://t.co/cGUpU46IVA

Might this tilt the odds towards SBS Transit winning one of or both the Jurong Region Line and Cross Island Line?

RT @timothyhliu5: Fascinating chart, from GS prime data: China equity exposure (red, LHS) vs. EM ex-China equity exposure (RHS) h/t @Sober…

Great to meet some of you tonight! Should organize more such dinners https://t.co/C3a4vSVGif

Massive insider buying in Raffles Medical

Kurosawa movies playing at The Projector https://t.co/c2JMHRFqvw

RT @TheLongHappy: Wow. More money to buyback shares?? $PRX Prosus Is Said to Have Fully Exited Stake in China’s https://t.co/K53f1b9NVR…

RT @ideahive: #6 Lithium Industry by @MikeFritzell Deep dive on supply and demand dynamics from a long term perspective. My favourite par…

I'm impressed. Who will be impacted? Positively: Suburban homes (cheaper to travel) LIDAR supply chain Auto chip makers Software suppliers eg Waymo Negatively: Motor insurance Delivery platforms Trucking industry Auto repair shops/dealers Public transport ridership

RT @blondesnmoney: China Carpetbagging Operation 2: Long 36,000 Hygeia 6078 HK at 16 Forward P/E: 10.5x 5 Year Revenue Growth: 396% 5 Yea…

First Yakult Soju, then Yakult Coconut. What's next? https://t.co/g8oQm06995

The Russia-Iran-China axis is the Germany of the 1910s. The United States is the United Kingdom of the 1910s. https://t.co/F9hm66QCly

Or international stocks... but I bet people will only get interested in EM / European stocks after weak dollar headlines start showing up in headlines on the Wall Street Journal

RT @peter_mantas: Broke 200 day. China ain’t banning chicken. $YUMC https://t.co/Xb5Q914hG0

A list of my most-recent write-ups on Asian Century Stocks: https://t.co/tcHGuc4vBf

Get access here: https://t.co/C8pUUt11Yo

Indeed... own US T-bills and any yield might get wiped out by a weaker Dollar. Alternatives would be to go long duration or long EM assets. https://t.co/xPqgxgIDeU

RT @pineconemacro: China pushing on a string

"It’s Too Convenient to Say That Xi Jinping Is a Second Mao" - fair representation of Xi https://t.co/cQSX7f65ag

CSI 300 poised for best day in 2.5 years as official announce stimulus blitz https://t.co/GQEw4dbTXh

ICYMI major breaking news out of China today Officials announced a massive stimulus blitz, including the biggest package yet for housing. Measures went beyond most expectations targeted at property, banks and directly, the equity market. Stocks flying led by brokers and https://t.co/Ypj73YCRlB

Rigorous research 👇made available at an intriguingly opportune time.

Unlike purely fiat currencies whose self-destructive tendencies @judyshel discusses brilliantly in it, this 👇#RealConversation between her and @KeithMcCullough will surely hold its value over time. First rate analysis rooted in first principles re both micro- & macro-economics.

Southeast Asian stocks on fire suddenly. Nobody saw this coming. Though I've argued that a weaker USD is positive for Asia. Inbound flows lift all boats.

Telegram just destroyed the only unique selling point it ever had

RT @GreedyHuat: Time to revisit $1382.HK @MikeFritzell posted an excellent update late July. Co has March year-end so 1H25 results (March-S…

Link in bio: https://t.co/PGenRb05QV https://t.co/YH9UdX6SQa

Japan became rich by trading with the United States Korea became rich by trading with the United States Taiwan became rich by trading with the United States China became rich by trading with the United States There's a pattern here, guys...

RT @smartkarma: 🚨 It is time for Smartkarma's Weekly Review (Don't forget to share) 1. USDJPY Positioning (via @dailychartbook) https://…

Guy Spier's book was ghost-written by William Green? https://t.co/8PYdNNHqAI

RT @longriver_hk: Hong Kong c. 2024, in a nutshell. Front page of the FT, defaults rise in HK CRE. Back page, an ad to buy a minority stake…

RT @Restructuring__: @MikeFritzell that is a banger idea, @SubstackInc users let's make this tweet go viral to get some attention https://t…

RT @ToffCap: And we're out with Toffcap Monday Monitor #32, our overview of interesting event-driven trades and companies🔥 It's once again…

The evolution of global equity markets over time. H/t: @verdadcap https://t.co/ZAfQYiPus8

RT @business: As India's stock market reaches new heights, people in small towns who once preferred to squirrel their cash in bank deposits…

RT @smartkarma: The case for Indo real estate / property stocks in one chart: https://t.co/JVBRYvZX3w

RT @DavidInglesTV: Philippine stocks set to enter a bull market. Index has rallied 20% from the June low. https://t.co/0809L0911f

RT @ArenaManCapital: Haters say the data must be fake, HSI has underperformed the Sensex, and $BATS.L/$MOB.ST are GOATs. Believers that say…

Food of the Gods https://t.co/F6RbYFRUIQ

Had almost forgotten what wild salmon looks like https://t.co/e95zgRoKO8

RT @sweetstocksblog: Three months later, Webjet's demerger js effective. I will update shortly with valuations for the two halves. $WEB.AX…

SharkNinja cash flow from operations surprisingly flat https://t.co/A3F3zNXwsh

Outside of SpaceX, India is building the most ambitious space-tech ecosystem. The impact on broader Aerospace exports is under-appreciated

India is scaling simultaneously on Western Software stack and East Asian Hardware stack