Remo Uherek

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Tag: China

12 Takeaways From Charlie Munger At The 2020 Daily Journal Annual Meeting

Charlie Munger, business partner of Warren Buffett, recently spoke at the 2020 Daily Journal Annual Meeting. You can watch the full recording here. It turned out to be a great one, full of wisdom and juicy punches. A 96 year-old with a sharp mind and snappy tongue! Takeaways: #1: Take the high road, because it’s…

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March 5, 2020August 27, 2020 by Remo Uherek

6 Key Takeaways from Charlie Munger’s 2019 Daily Journal Annual Meeting

Charlie Munger, business partner of Warren Buffett, recently spoke at the 2019 Daily Journal Annual Meeting. You can watch the full recording here. Here are my key takeaways: #1: Fish where the fish areFor Charlie, that means China. High-quality companies in China are currently available for cheaper prices than similar companies in the USA. #2:…

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March 4, 2019February 14, 2020 by Remo Uherek

The efficiency trap

Efficiency is often confused with effectiveness. It can be a trap. “Efficiency is doing things right; effectiveness is doing the right things.” Peter Drucker You can be efficient in doing the wrong things. You can be efficient in doing things you shouldn’t even do. You can efficiently waste your time. Too often, I make the…

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February 18, 2019October 8, 2019 by Remo Uherek

AI in China

Here are some examples of how Chinese companies are applying machine learning: Chinese company Yongqianbao is using artificial intelligence to screen data to determine creditworthiness when issuing loans. No credit agents necessary! Watch this CNBC clip about them ByteDance (a private company, last valued at $78B) uses machine learning to source and push content to users. Their main…

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February 4, 2019October 8, 2019 by Remo Uherek

Give up your storefronts?

An increasing number of hairdressers and manicurists are giving up their studios in China. They get booked via app and do home visits instead. This is called Online-to-Offline (O2O), and it’s booming in China. (Link / Link). Tired of bathing your dog? Hire a dog bather that comes to your home. Too busy to pick…

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January 30, 2019October 8, 2019 by Remo Uherek

China vs. Silicon Valley

Silicon Valley is mission-driven, pure, about making a dent in the universe. Abundance mindset. Copying is shameful. China is market-driven, hyper-competitive, survival of the fittest. Scarcity mindset. Culture of copying. In Beijing entrepreneurs often joke that Facebook is the most Chinese company in Silicon Valley, for its willingness to copy and its fierce competitiveness.  While…

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January 25, 2019October 8, 2019 by Remo Uherek

Deferred gratification

Recently I watched this Q&A with Charlie Munger. Pure wisdom, and two hours very well spent. He talked about a key principle of (value) investing: Deferred gratification We live in a world of instant gratification. It’s very hard to get rich if you eat your seeds, instead of planting them. That’s what makes value investors…

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January 14, 2019October 8, 2019 by Remo Uherek

Alibaba.com chooses Switzerland for European Market Entry

Recently I read this article about Alibaba.com’s European Market entry. It summarized the very interesting Alibaba.com case: Alibaba.com is the largest Chinese B2B Marketplace (matchmaker between buyers and sellers of all kinds of goods, from T-Shirts to Trains or Factories) and rapidly growing worldwide (28M Users) In November 2007, Alibaba.com raised $1.7B in an IPO…

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July 6, 2008May 20, 2020 by Remo Uherek

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