Monday morning links 🔗
CEL Corporation, China's zero-COVID policy, November 2022 portfolio review
Investor optimism about a Chinese consumption recovery increased significantly over the past week, as the government downplayed the threat of Omicron and guided for further easing of restrictions. But it remains to be seen whether the transition to endemic COVID can be smooth.
Generals and Workouts Substack on Japanese real estate services micro-cap CEL Corporation (🇯🇵 5078 JP－ US$56 million)
(estimated reading time) ($ = behind a paywall)
Asian Century Stocks November 2022 portfolio review (25 mins) ($)
I made the argument that China’s zero-COVID policy is likely dead (16 mins)
GaveKal’s Anatole Kaletsky is cautious about the recent rally (9 mins)
Turtles Substack with a portfolio update with a few HK stocks (4 mins)
Excellent post from Punch Card Investor on LVMH and luxury brands (28 mins)
Hayden Capital’s 3Q2022 investor letter (1:45 hours)
Open Insights on China’s reopening and its effect on energy prices (5 mins)
An exhaustive list of frontier market-related books (3 mins)
(listening time)
John Garnault & Matt Pottinger on Xi Jinping and zero-COVID policy (41 mins)
GaveKal: Understanding China’s COVID-exit (12 mins)
Professor Victor Shih on Odd Lots explaining China’s recent protests (43 mins)
Wall Street Journal: How Jiang Zemin made China a global superpower (19 mins)
Arjun Murti thinks the energy cycle won’t peak until capex does (18 mins)
Value Punks about their background and their value-oriented Substack (46 mins)
Smartkarma with a quick discussion of Alibaba, AEM and Grab (5 mins)
Historian Tim Koay on the origin story of TSMC (41 mins)
A rare interview with British fund manager Nick Train (29 mins)
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