Portfolio update September 2025
A weak month for the portfolio, but with three deep dives published, plenty to think about.
Haw Par Corporation, HFDC Bank, The Lottery Corporation, Fairfax India, Anycolor
Magellan Financial Group, December 2022 portfolio review, China's border reopening
TSMC, China Jushi, Far East Consortium, 111 Inc, Asian spin-offs, Indonesia's new criminal code
Cafe de Coral, glucose monitors, Turtles Substack, Felix Zulauf, Jeff Gundlach