Over The Past Three Years

Posted August 1, 2010
Dear Friends: It has been three years since I left Wall Street, officially on June 30, 2007.  So far, it has been a highly enjoyable break for me,  but  I am starting my plans to get back to full action. As many of you know, the past three years were filled with enjoyable activities such as travel and spending time with my son, as well as various investment and other activities that were more serious. Here is a quick rundown of what kept me busy in the past three years:
  • I joined the board of my son’s school, Wings Learning Center  in 2007, as the chair, which consumed a great deal of time, as it required some significant activities and direction.
  • I invested in an Indian start-up, Investmentyogi.com and joined their board of directors. [...] read more >>

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My Current Investment Outlook

Posted July 16, 2010
 (as of July 16, 2010) I believe that we are likely to see weak but sustained overall growth in global economy into 2011. Equities are not oversold, especially given the potential for 2H10 and 2011 downward estimate revision, but recent corrections, post May 6, have priced in a significant amount of growth slowdown.  As such, I expect some possible downward movement, but not another major correction.  I do expect key Internet names, as well as certain China sectors to outperform the market and produce absolute positive returns, driven in part by a shift in relative multiple expansion.  After the quick jolt of 1H10, we are now entering the more prolonged and slower phase of recovery and investors are likely to focus on companies that will benefit from the longer term trends [...] read more >>

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Trends On Which I Focus

Posted July 31, 2010
There is no doubt in my mind that mobile services and applications will mushroom in the next five years, thanks to Apple and Google.  Combine that with the rapidly changing market for content and entertainment, and you are likely to see new winners.  Like many of you, I like Apple, but also think Google, and in the long term Amazon, have the opportunity to be major players in this market, too.  Social Networking is getting big and bigger, but if I had to choose, I would choose mobile and entertainment over everything else, including social networking.  We are moving towards services and applications and away from traditional platforms.  That’s why Google is frantically offering new services, and also why I think there are limits and risks, to how big Facebook can get in r [...] read more >>

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