Sunday Letters

It's been an exciting second quarter of the year here at Fusang. In addition to managing our ongoing investments, we have been engaged in many exciting…

Sunday Letter 5 August 2018

Now faith is the substance of things hoped for, the evidence of things not seen

It's been over a year now of these Sunday Letters (this was the first one). You can view the archive of past letters here. At Fusang we've been working…

Sunday Letter 29 July 2018

Mustard, iPhones & Rich People

How to predict if someone is wealthy.

Sunday Letter 22 July 2018

Risks Billionaires Hedge Against

Here's an infographic showing the 5 biggest market risks billionaires are hedging against. What do you hedge against? What keeps you up at night? Hit…

Sunday Letter 15 July 2018

The Lonely Mountain

Over the past few weeks I've written about the challenges facing the blockchain industry, the market potential during a gold rush, the current digital…

Sunday Letter 8 July 2018

Token Classification Framework

In the past few weeks I've written about the challenges facing the blockchain industry, the market potential during a gold rush, and the current digital…

Sunday Letter 1 July 2018

The Digital Asset Revolution

Blockchain technology has taken the world by storm. Discussions of cryptocurrencies play constantly on Bloomberg and CNBC. But is it all hype? What are…

Sunday Letter 24 June 2018

The best way to get rich during the California Gold Rush

California Gold…

Sunday Letter 17 June 2018

SEC Chairman on Investing & Cryptocurrencies

The US SEC Chairman has finally made definitive statements on cryptocurrencies.

Sunday Letter 10 June 2018

Investment Fallacies: Risk

What does risk really mean? What is the ultimate risk?

Sunday Letter 3 June 2018

Investment Fallacies: Volatility

Everyone today is talking about Volatility. But what does it really mean?

Sunday Letter 27 May 2018

The Earth Is Not a Cold Dead Place

Too often we see the Earth either up close at street level, or as a flat Google Maps image. But by taking satellite photos of the Earth at an angle, we…

Sunday Letter 20 May 2018

Messaging Apps

xkcd: Preferred Chat System Messaging has been to the…

Sunday Letter 13 May 2018

Just What Is A Blockchain Fork?

Here is a simple video explanation

Sunday Letter 6 May 2018

Why Your Password Is All Wrong

The most important and useful thing you'll read today.

Sunday Letter 29 April 2018

Fusang Q1 2018

It's been an exciting first quarter of the year here at Fusang. In addition to managing our ongoing investments, we have been engaged in many exciting…

Sunday Letter 22 April 2018

WiFi

xkcd: WiFi WiFi is something we all use everyday. Much like the…

Sunday Letter 15 April 2018

The Unicorn Hedge

Should all incumbent companies be trying to buy out their disruptive competitors?

Sunday Letter 8 April 2018

The Birth and Death of the Day

Why do some civilisations persist, and others crumble?

Sunday Letter 1 April 2018

Guns, Germs, and Steel

Guns, Germs, and Steel, by Jared Diamond (1997), is a seminal book on…

Sunday Letter 25 March 2018

Public/Private Key Encryption

The most important technology you've never heard about.

Sunday Letter 18 March 2018

Bitcoin & Ethereum Network Statistics

"Money is a consensus hallucination, a bubble that never pops." – Naval Ravikant One of the fundamental features of Bitcoin, like many cryptocurrencies…

Sunday Letter 11 March 2018

Investment Fallacies: Liquidity, liquidity, and not a drop to drink

"There's too much liquidity in this market" is a refrain we hear all the time. But what does that really mean?

Sunday Letter 4 March 2018

Can't We Just Listen To The Silence

Teenagers today are less likely than ever to use drugs or alcohol. Perhaps they are simply far more responsible than previous generations. Or perhaps it…

Sunday Letter 25 February 2018

How The Economic Machine Works

From the largest hedge fund in the world.

Sunday Letter 18 February 2018

Investment Fallacies: Dividends & Buybacks

A continuation of my series on Investment Fallacies. Many stock analysts debate as to whether a company should use its cash reserves to issue a…

Sunday Letter 11 February 2018

Eye for an Eye

"If a man destroy the eye of another man, they shall destroy his eye. If one break a man's bone, they shall break his bone." – Law #196, Code of Hammurabi Dear…

Sunday Letter 4 February 2018

Fusang Q4 2017

2017 is now officially in the books! Thank you so much for all the support you have given us over this last year. Our team has grown rapidly to 14…

Sunday Letter 28 January 2018

But then, what is Blockchain?

Last week I wrote about Bitcoin, but many people are interested in the underlying mechanisms with which it works: Blockchain.

Sunday Letter 21 January 2018

Ever Wondered How Bitcoin Actually Works?

Bitcoin has gone absolutely berserk. Notwithstanding the recent pullback, its price has increased parabolically, increasing by approximately 300% in…

Sunday Letter 14 January 2018

Amateurs vs Professionals

What is the difference in mindset between Amateurs and Professionals?

Sunday Letter 7 January 2018

Earthquakes

"If a financial crisis comes every 5 to 7 years, why are people always so surprised when it happens?" – Jamie Dimon's Daughter No one likes losing money…

Sunday Letter 31 December 2017

Perspective

I took this picture at Ta Prohm, in Cambodia: the "Tomb Raider" temple. It's of a filthy, scummy pond, filled with detritus and debris. It stunk. But…

Sunday Letter 24 December 2017

Happy Holidays from Fusang!

Whatever is beautiful. Whatever is…

Sunday Letter 17 December 2017

Investment Fallacies: Bonds & Ladders

Many people like bonds because they will eventually "mature" and you can get your principal back. How relevant is this?

Sunday Letter 10 December 2017

How To Predict Everything

The Copernican Planisphere, illustrated in 1661…

Sunday Letter 3 December 2017

What If Everything Happens For You, Not To You?

One of the most powerful videos I've ever watched.

Sunday Letter 26 November 2017

A Tale of Two Economies

Economic numbers appear fantastic, but they are based on averages. There has been a great divergence within the US economy.

Sunday Letter 19 November 2017

Fusang Q3 2017

How time flies! It's now been 1 year since we launched the Fusang Global Alpha and Fusang Income portfolios. I'm proud to report that both portfolios…

Sunday Letter 12 November 2017

Explosions In The Sky

Everywhere we turn, imminent dangers seem to loom in the world. And yet volatility looks like it is on life support. Why?

Sunday Letter 5 November 2017

List of regulators who have publically commented on ICOs

Cryptocurrencies are a hot topic now. Initial Coin Offerings (ICOs) are the sale of a new token, in much the same way that an Initial Public Offering…

Sunday Letter 29 October 2017

White Smoke

Leaders run our countries. So how do we pick our leaders?

Sunday Letter 22 October 2017

Turning Lead Into Gold

Innovation, in hindsight, often seems obvious. But at the time it is rarely clear which of the things we are working on will prove fruitful.

Sunday Letter 15 October 2017

When Breath Becomes Air

Paul Kalanithi spent his life as a doctor exploring death and the human condition. And then he was diagnosed with terminal cancer.

Sunday Letter 8 October 2017

Power Punching

What can knockout punching in boxing teach us about strategy and life?

Sunday Letter 1 October 2017

Have You Passed Through This Night, Stranger?

Political and humanitarian crisis about everywhere we look. And yet they all seem strangely familiar.

Sunday Letter 24 September 2017

Run From What's Comfortable

How can you 10x your thinking, to create something that will have an impact in 100 years?

Sunday Letter 17 September 2017

What Great Thing Would You Attempt If You Knew You Could Not Fail?

I have one simple question for you today: let me know your answers.

Sunday Letter 10 September 2017

Innovation? Innovation!

Innovation is a buzzword echoing around boardrooms and classrooms alike. But why are we so bad at it?

Sunday Letter 3 September 2017

The Enemy of My Customer is My Friend

Just why are some businesses so bad at customer service? What happens when a business makes customers "the enemy"?

Sunday Letter 27 August 2017

Get Comfortable With The Uncomfortable

When we are are no longer able to change a situation - we are challenged to change ourselves. This week a guest post from Anja Chong.

Sunday Letter 20 August 2017

6 Reasons Warren Buffett Will Buy Your Company

If you’re interested in selling your business to Warren Buffett, here are 6 criteria you must meet.

Sunday Letter 13 August 2017

Three Surprising Ways Language Affects Net Worth

Subtle changes in word choice can help promote rational financial decision making.

Sunday Letter 6 August 2017

Drive It Like You Stole It

Anbang is today China's second biggest insurance company. Just 12 years ago, it was a small provincial car insurance company. How did it rise?

Sunday Letter 30 July 2017

My Kind of Contract

I came across this contract the other day. Food for thought.

Sunday Letter 23 July 2017

Fear & Greed

"Bulls make money. Bears make money. Pigs? They get slaughtered." – Gordon Gecko, Wall Street Fear and Greed are two of the most powerful human emotions…

Sunday Letter 16 July 2017

Crisis & Opportunity

In the Fall of 1914, World War I was in full swing. French General Ferdinand Foch was selected to lead the newly formed Ninth Army. Only a week after…

Sunday Letter 9 July 2017

The Obstacle is the Way

Marcus Aurelius, born in 121 AD, was known as the last of the Roman "Five Good Emperors". He presided over a period of peace and prosperity, but his…

Sunday Letter 6 July 2017

Welcome Letter

"No reason to get excited The thief he kindly spoke There are many here among us Who feel that life is but a joke But you and I, we've been through that And…

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