Monday morning links

Magellan Financial Group, December 2022 portfolio review, China's border reopening

Magellan Financial Group’s new CEO David George

• East 72’s 4Q2022 letter discussing the implosion in the share price of Australian fund manager Magellan Financial Group (🇦🇺 MFG AU－ US$1.1 billion)

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(estimated reading time) ($ = behind paywall)

• My December 2022 portfolio update (21 mins) ($)

• I wrote a post on China’s border reopening (11 mins) ($)

• GlobalStockPicking’s 2022 performance review (7 mins)

• Searching 4 Value blog’s 2022 performance review (18 mins)

• Alpha Vulture’s 2022 performance review (3 mins)

• A Twitter thread by Dede Eyesan discussing global outperformers (68 tweets)

• Konichi-Value discussing Japan’s 1980s boom and subsequent bust (14 mins)

• Everyone is obsessing about Zoltan Pozsar’s war-related research pieces:

  • War and Peace (11 mins)

  • War and Interest Rates (26 mins)

  • War and Industrial Policy (24 mins)

  • War and Commodity Encumbrance (23 mins)

  • War and Currency Statecraft (17 mins)

• Scott Grannis: Inflation continues to recede (4 mins)

• David Hay providing his thoughts on what’s coming in 2023 (17 mins)

• JP Morgan’s 1Q2023 Guide to the Markets (71 pages)

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(listening time)

• Bill Bishop on China’s reopening, Xi’s credibility, TikTok and more (1:00 hour)

• Arjun Murti’s predictions for energy markets in 2023 (40 mins)

• OSV giant Tidewater discussing trends in offshore oil & gas (1:05 hours)

• Herald van der Linde providing his predictions for Asia in 2023 (17 mins)

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Excess savings by Chinese households in 2022 suggests pent-up demand. Source: Plenum Research

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