“Arafat died with 750 million US dollars in his personal estate. Had it not been for the creation of the State of Israel, he would have been known to his mother at most. The Jews had been forgotten before World War II. Where is the Coptic Church, anybody? Who would give a care about the Mossad?”
“What will TINA (there is no alternative) look going forward? What will there be no alternatives to? What will we have to adjust to or fail, or just win, or be the winner? Our goal has to be the winner.” – EMA
Capital is interested in only one institution – that of Rule of Law. Hong Kong was not democratic nor was it liberal but it had rule of law. Singapore seemed democratic but was not; nor was it liberal but it had rule of law and that protected capital.
Appreciating that the general opinion of the market is the goal of an enterprise is to provide long-term value. That is the main purpose that everyone working for an enterprise realizes in different degrees.
Yukon Huang – watch him on YouTube to get a full picture. This is a summary of what he thinks. I have learned from him. I have never liked conventional wisdom and have sought those that help me challenge the same; not for the sake of challenge but because in a world that is rapidly changing and adapting, conventional wisdom cannot generally be the best path forward.