To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, truth, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
Built to Be Left.
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
Thank you for great sharing. May I ask how you think about accounting for the likelihood of a severe recession / shock to the economy, say in a worst case scenario? Would you hedge via put options on the index etc.? I believe you stopped actively shorting stocks now where a long-short strategy may help in the case of a broad crash in the market and in the economic fundamentals.
Yes, you're right (sry for the late response). We no longer short individual names, but we did hedge our portfolio through put options on the index. The IV was low at the beginning of the year, so the odds were favorable. Cheerios.
Insightful! Loved reading this.
Thank you, Dhrit! Much appreciated!
Hello there,
Huge Respect for your work!
New here. No huge reader base Yet.
But the work has waited long to be spoken.
Its truths have roots older than this platform.
My Sub-stack Purpose
To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, truth, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
Built to Be Left.
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
It is the system’s operating principle”
Experience first. Return if it speaks to you.
- The Silent Treasury
https://tinyurl.com/48m97w5e
Tencent is another great exmaple for illustrating your "Resonating cycles" thoery, thanks for sharing!
Thank you for great sharing. May I ask how you think about accounting for the likelihood of a severe recession / shock to the economy, say in a worst case scenario? Would you hedge via put options on the index etc.? I believe you stopped actively shorting stocks now where a long-short strategy may help in the case of a broad crash in the market and in the economic fundamentals.
Yes, you're right (sry for the late response). We no longer short individual names, but we did hedge our portfolio through put options on the index. The IV was low at the beginning of the year, so the odds were favorable. Cheerios.
Makes sense. Thank you for the response!