I
\nhad lunch with T.S. at the end of 2007, who made his fortune founding and building technology companies. T.S. is one of the smartest and most dynamic
\nentrepreneurs I’ve ever met who now approaches philanthropy with as
\nmuch drive as he did his business. One hallmark of T.S.’s success is his ability to surround himself with the smartest people, polling them for information, and making accurate choices about what to do in a particular situation.<\/p>\n
T.S. has a family office and also, he actively travels the world and polls the smartest investors about asset allocation so I asked him how
\nhe was allocating his capital. His answer was simple, and concise:<\/p>\n
1. Sold all commercial US real estate last year.<\/p>\n
2. Moving US Equities down from 40% to 10%. Thinks the Bush
\nadministration has created policies over the last 7 years that will
\ndramatically impair our ability to compete globally for many years and
\nthat the housing \/ subprime problem will take years to solve.<\/p>\n
3. Heavy into cash because of #2 — believes there will be huge opportunities in real estate in coming years.<\/p>\n
4. He is moving 40% of his capital into Asia — primarily China.
\nRecently spent 10 days in China where he visited Hong Kong, Shanghai,
\nand Beijing. Said that there is no way to believe what is happening
\nthere until you visit China. It is an experience that has changed his
\nlife. He is investing in private equity funds based in China, staying
\naway from stocks in the Shanghai exchange. He is also buying stocks in
\nAustralia that sell products to help China build their infrastructure.
\n“What the US did between 1870 and 2005, China is doing in 20 years.”<\/p>\n
I thought these were interesting comments from an active and astute entrepreneur who is approaching the investment of his capital with the seriousness of running any business.<\/p>\n","protected":false},"excerpt":{"rendered":"
I had lunch with T.S. at the end of 2007, who made his fortune founding and building technology companies. T.S. is one of the smartest and most dynamic entrepreneurs I’ve … Read more