Key lessons:
- Even with a special situation or potential catalyst, make sure the fundamentals of the business are strong – protect your downside.
- Don’t judge a business before making your homework.
- Make sure you apply the right models to the right type of business.
[timeless]
Also read:
- Bill Ackman Nominates Himself To The Automatic Data Processing Board
- 2 Controllable Factors Are The Biggest Determinants Of Your Returns
- IPOs – Many Times A Recipe for Disaster
Behind every investment, there’s an interesting story. Here’s the story of Zhaopin.
Towards the end of my MBA in 2016, I was at Columbia Business School in New York and started exchanging a few emails with a young alumnae based in Hong Kong, named Jay Ju. Jay...

