Bargain Hunting in the Far East

by Richard Lawrence, Overlook Investments Limited, Hong Kong

Richard Lawrence was featured in a full-page Wall Street Journal profile on April 26, 1999. The following appeared in The Gloom, Boom and Doom Report, published in Hong Kong by Marc Faber Limited.

When Marc Faber asked me to consider writing a piece for The Gloom, Boom & Doom Report on small companies in Asia, two thoughts entered my mind.

My immediate reaction was why in the world should I consider exposing my leprosy to the public by admitting that I invest in small companies in Asia for a living. Better that I suffer ignominy in private, isolated from the investment community. After all, I have a family to protect, if not a reputation. My loyal, yet depressed, group of investors have heard enough of my exhortations about the valuations, and quality of certain select managers. Why try and sell this snake oil to innocent bystanders?

This is only an excerpt of Bargain Hunting in the Far East

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