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Anthony Yiu's thought process in making investment decisions.

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Latest Issues

Borrowed Beauty

⻄施 Xi Shi

There is a story in the 莊⼦ Zhuangzi, about a woman named ⻄施 Xi Shi. She was one of the celebrated beauties of ancient China, and she suffered from some ailment of the chest. When the pain came on, she would press her hand to her...

6 days ago
10

The Prompt Behind My Research — and Why It Isn't Enough

As I mentioned in the first issue, the bi-weekly tracker you’ve been reading is built on the back of a machine, and I’d like to show you the instruction manual.

For several issues now, the tracker has done one job well. It casts a wide net...

12 days ago
9
1

Tobacco Sector Bi-Weekly Tracker 260613

Be Careful What You Wish For

Midas asked Dionysus for the golden touch and got exactly what he asked for. Then his bread turned to gold in his hand, his wine to metal in his throat, and his daughter to a statue in his arms. The curse...

24 days ago
7
3

Three in the Morning, Four at Night

朝三暮四

zhāo sān mù sì

“three in the morning, four at night.”

Twenty-three centuries ago, in the Zhuangzi, a keeper of monkeys announced he would feed his troop three chestnuts each morning and four each night. The monkeys rose in...

a month ago
10
1

Tobacco Sector Bi-weekly Tracker 26-05-28

I. Snapshot

The France pouch ban is a BAT problem, not a PMI problem. France’s classification of nicotine pouches as toxic substances, with criminal penalties for sale and possession, was widely reported as a “ZYN ban.” This framing is...

a month ago
15

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  • Anthony Yiu

    CFA charterholder driven by a lifelong passion for investing. 'Recital' is where my rigorous analysis explores value in resilient and often-misunderstood sectors. Here, I look for the stories behind the numbers.

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