11 Comments
Jun 5, 2021Liked by Byrne Hobart

The Chinese Economy & Deng Xiaoping sound quite interesting. Definitely going on my to-read list. Given the focus on China, I'm wondering if you have a single volume general history on China that you'd recommend? I've found that to be a valuable baseline in other cases (a recent example of such that I read was Greece: Biography of a Modern Nation), so would like to find such books for more countries.

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The complexity of the UMG-PSTH deal!

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Subscriber fm India here. Wrote a piece on how early VCs (I am one) 'value' investments. TLDR; cant use DCF naturally, so they use what I refer to as long-term multiparty staging games - where VCs at different stages bear the risk of getting the startup to the next phase, and where the 'valuation' at each stage becomes the capital raise divided by dilution.

Link - https://sajithpai.medium.com/exhaust-fumes-or-understanding-startup-valuations-610897d7bcf8 - would love thoughts / pls see if it relevant enough for your weekly long reads section.

Presume this is the place to share these - couldnt see any other route.

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Land value taxes and their effectiveness in practice are something I'm particularly interested in

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Have there been any Deng Xiaoping-like figures in Bangladesh that have driven its position as a dominant garment manufacturer and surpassing both India and China as GDP per capita?

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Comparing big bang privatization to China:

Maybe there is an interesting cultural story there when you look at Intel (big bang failure, first partially via long delays at 14nm, then spectacularly at 10nm) vs TSMC (continual, but small cautious, advances)?

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