1126 HK – Dream International Ltd.

Dream International (Dream) is a HK-listed producer of plush and plastic toys with factories in Vietnam and China. Dream has grown its revenues from 1 billion HKD in 2009 to 3.5 Billion in 2018 (13.3% 10y CAGR, 21% 5y CAGR) while maintaining Gross Margins of around 25%. Return on Net…

My Investment Framework

Because emotions in investing can sometimes run wild, it is crucial to have a framework that guides investment decisions. My investing framework is derived from Warren Buffett’s reply to a question received during one of his shareholder meetings. (Link at the bottom of the post) Stocks are not pieces of…

Introduction

Benjamin Graham wrote in the Intelligent Investor that “Investment is most intelligent when it is most businesslike.”  Who am I to doubt the Dean of Wall Street? This is why I am starting this blog. I will treat investing as my business. I was fascinated by the financial markets since…