Nial Gooding, 8IP Senior Research Analyst, China China’s Path to Consumer Based Growth This (click the link above to see the paper in full) is an IMF Working Paper from Il Houng Lee, Murtaza Syed and Liu Xueyan and was published in March this year. As far as I’m aware it’s the latest addition to [...]

Nial Gooding, 8IP Senior Research Analyst, China Comparing the Decision Styles of American, Japanese and Chinese Business Leaders This is a short paper but with a message fundamental to how we analyze China stocks. Referring to earlier studies that show Chinese managers having the highest ‘Power Distance’* (PD) scores among other groups surveyed this piece [...]

Nial Gooding, 8IP Senior Research Analyst, China Preamble My friends at UBS organized a two-day conference last week to meet China property developers and I talked with a broad selection of attendees. From those meetings one thing became clear; while today these companies operate in the sunrise environment of serial profitability growth, insatiable demand for [...]

Nial Gooding, 8IP Senior Research Analyst, China On a New Approach for Analyzing and Managing Macrofinancial Risks Financial markets are always and everywhere non-linear. I’ve known this for years but been baffled that so many smarter operators seem still not to get it (or want to?). This simple fact, ungrasped, was not only one of [...]

Nial Gooding, 8IP Senior Research Analyst, China Do Star Analysts Know More In this paper (click through the line above) the authors, Xu Nianhang, Chan Kam C., Jiang Xuanyu and Yi Zhihong present proof of what many have suspected all along i.e. that some analysts really are better than others. The New Fortune magazine (新財富) [...]

By Anshu Sharma, 8IP Introduction Back in 2005, a young professor by the name of Dr. Henry Lin was working at the State Key Laboratory of Networking in Beijing where Nokia’s chief scientist gave a talk. The scientist talked about the discovery of the world’s first mobile malware (malicious software) on the Symbian operating system. [...]

Nial Gooding, 8IP Senior Research Analyst, China I’ve extracted this piece from the 2011 Berkshire Hathaway letter to shareholders (the full version is at http://www.berkshirehathaway.com/letters/2011ltr.pdf ). As Mr. Buffet’s partner Charlie Munger is famously fond of saying; I have nothing to add. “What motivates most gold purchasers is their belief that the ranks of the [...]

Nial Gooding, 8IP Senior Research Analyst, China Preamble It`s said the four most expensive words in investing are `this time it`s different`. I`d like to highlight another dangerous four word combination though which provides the title for and subject matter of this note.  As China stocks* are my official bailiwick at Eight Investment Partners this [...]

By Nial Gooding, 8IP (Post is from Nial’s old blog site ‘The China Value Investor’) Is bank competition detrimental to efficiency Is competition a good or bad thing for industry cost efficiency? You’d think the answer was a simple ‘D’uh!’; but, when it comes to banks, it’s not. In this paper from Zuzana Fungáčová, Pierre [...]

By Nial Gooding, 8IP (Post is from Nial’s old blog site ‘The China Value Investor’) Since I revealed Great Eagle as one of my holdings last November, it’s risen by 33%. Nearly half of this gain occurred in a single day, Friday, last week on the announcement of plans to list their HK hotel assets [...]