Lessons from Investment Gurus

The Most Important Thing

 Successful investing requires thoughtful attention to many separate aspects, all at the same time. 
Omit any one and the result is likely to be less than satisfactory.

The idea of the most important things—each is a brick in a solid wall, and none is dispensable. 

“The whole industry has just died before our eyes,” the executive continues. “The entrepreneurial spirit is dead. It is very sad to see.”  

In 2018, 51,302 start-ups were founded in China.  By 2023, that figure had collapsed to 1,202 and is on track to be even lower this year.

“I am like the Titanic, flying the flag as the ship goes down.” 

https://www.ft.com/content/1e9e7544-974c-4662-a901-d30c4ab56eb7

 #The Most Important Thing 
 #A Glance of China 行摄中国

A Glance of China 行摄中国

How China has ‘throttled’ its private sector

“The whole industry has just died before our eyes,” the executive continues. “The entrepreneurial spirit is dead. It is very sad to see.”    In 2018, 51,302 start-ups were founded in China.  By 2023, that figure had collapsed to 1,202 and is on track to be even lower this year.  “I am like the Titanic, flying the flag as the ship goes down.”   https://www.ft.com/content/1e9e7544-974c-4662-a901-d30c4ab56eb7   #The Most Important Thing   #A Glance of China 行摄中国

Cyril

This "debt mindset" as described to me, is completely anathema to the spirit of VC investment, which is to take big bets and reap the rewards if it succeeds. 

That used to be how things worked in China. 

Until IPOs and M&A completely dried up.

This "debt mindset" as described to me, is completely anathema to the spirit of VC investment, which is to take big bets and reap the rewards if it succeeds.   That used to be how things worked in China.   Until IPOs and M&A completely dried up.

A potato, hollowed out and filled with wine 🥔🍷