Thought — LONGRIVER

3Q24 Letter

A volatile quarter and an introduction to Hikari Tsushin.

Longriver, Investing, Companies, AnalysisGraham Rhodes22 October 2024Japan, Hikari Tsushin, Capital Allocation

Podcast: Eric Markowitz

From Crisis to Clarity.

PodcastsGraham Rhodes29 September 2024Longevity, Process

Longriver Gathering 2024

Post-game on a weekend in Shenzhen.

LongriverGraham Rhodes12 September 2024

2Q24 Letter

Some thoughts on Big Tech, Semis and GenAI, plus an update on Pinduoduo

Companies, Longriver, InvestingGraham Rhodes12 July 2024pinduoduo, Alibaba, Big Tech, China, United States, TSMC, Nvidia, AMD, Intel

Podcast: Brian Mushonga & James Hull

Supplying the boom in AI capex.

Companies, PodcastsGraham Rhodes20 May 2024Big Tech, Amazon, Meta, Microsoft, Alphabet, Vertiv, Clean Energy

A Most Memorable Birthday

Celebrating with friends and some good baijiu.

Investing, Longriver, CompaniesGraham Rhodes8 May 2024China, Wuliangye, Kweichow Moutai, Luzhou Laojiao, Fenjiu, Baijiu, ValueAsia

1Q24 Letter

An update on Vistry, the British homebuilder, and some thoughts on (personal) tech debt.

LongriverGraham Rhodes19 April 2024Vistry

Podcast: Daye Deng

Anta and Li Ning’s divergent paths.

Companies, PodcastsGraham Rhodes29 March 2024China, Anta, Li Ning, Sportswear, Amer, Descente, Arc'teryx

Stockholm 2024

Attending the Redeye Serial Acquirer Conference.

Longriver, Investing, Companies, MacroeconomicsGraham Rhodes15 March 2024Sweden, AddTech, AddLife, Lagercrantz, Lifco, Roko, Bergman & Beving, Instalco, Serial Acquirers, Embracer

Podcast: Jesús Rodriguez

Games Workshop’s trade-offs.

Companies, PodcastsGraham Rhodes15 February 2024Games Workshop, Anime, IP, Entertainment

4Q23 Letter

On the ‘year of efficiency’, trauma and China’s bear market.

LongriverGraham Rhodes15 January 2024Letters, Meta, Amazon, China

Kweichow Moutai: Impeccable Pedigree

Visiting the home of China’s legendary liquor.

Macroeconomics, Companies, AnalysisGraham Rhodes15 December 2023China, Baijiu, Kweichow Moutai, Wuliangye, Diageo

Podcast: Ali Gündüz

Unpacking Evolution AB.

Companies, PodcastsGraham Rhodes9 December 2023Evolution, Online Gambling

Podcast: Ethan Robertson

Chinese NEVs Cambrian Explosion.

Companies, MacroeconomicsGraham Rhodes3 November 2023China, Tesla, Electric Vehicles, BYD, Nio, Li Auto, Xpeng, Volkswagen, Baidu, Huawei

Vistry: A Spirit Of Partnership

Transforming into a high-volume, high ROCE homebuilder.

CompaniesGraham Rhodes20 October 2023Vistry, Homebuilders, Britain

3Q23 Fund Letter

On good capital allocation and why it is hard to find in Asia.

LongriverGraham Rhodes17 October 2023Letters, Evolution, HDFC Bank, Berkshire Hathaway, TSMC, Techtronics, Tencent, Netease

Podcast: Shree Viswanathan

Let the process lead you.

Companies, PodcastsGraham Rhodes15 October 2023Insurance, Kinsale Capital

Cheung Chau 2023

The first Longriver Gathering.

Longriver, InvestingGraham Rhodes11 September 2023Longriver

Futu: You Are Not Alone

What if Tencent designed an online broker?

CompaniesGraham Rhodes5 August 2023Fintech, Futu Holdings, Online Brokers, Interactive Brokers, Hong Kong, China, Singapore, Financials

ChinaJoy 2023

At the heart of China’s ACG sub-culture.

GamingGraham Rhodes1 August 2023China, Tencent, Netease, Gaming, Nintendo, Sony, Bandai Namco, AMD, Electric Vehicles, Meituan, Alibaba