HKH Research
House
•Adam Smith and his unfulfilled vision of a Better Society for all Humanities.
•The Firms and the Capital Markets.
•Value Investing and under-recognised companies
•The Real Estate asset class
•The OxsightHumanities paradigm on ESG
•Oxford, London, and Hong Kong.
“ The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else.. ….”
– John M. Keynes –
“Something foolish, Something Creative, Something generous.”*
– Benjamin Graham –
-* what Benjamin Graham said he wanted to do every day when he was about 80, according to a remembrance article written by Warren Buffett and published in the Financial Analyst Journal after the passing away of Benjamin Graham in 1976.
Adam Smith and his vision of a Better Society
“It is entirely conceivable that self-love, sympathy and the “invisible hand” can convert the “private interests and passions of men” into a better society for all.”
– HKH Research House
The Firm and the Capital Markets
“It is enterprises which builds and improves the world’s possessions..
….Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done…”
John M. Keynes
Value Investing and under-recognised Companies
Investing is like going into a casino when most of the people are drunk.. If you just drink Coke, you probably would be fine..
Warren Buffett
THE REAL ESTATE ASSET CLASS
We expect Real Estate to overtake Gold to become the 4th largest institutionalised asset class in the world, and its size could well become comparable to equities, bond and bank deposit over time.
HKH Research House
The OxsightHumanities paradigm on ESG
The OxsightHumanities’ paradigm on ESG is inspired by the ideas of 1991Nobel Prize Laureate Ronald Coase and Adam Smith which we think point to the importance of establishing a Virtuous Cycle between The Market and its Firm.
HKH Research House
Oxford, London, and Hong Kong
“We seek a strategy of getting all great ideas from the East and the West being refined and redefined at Oxford, and then Sharing with the world via London and Hong Kong.”
HKH Research House
We hold these to be self-evident
That human societies and civilizations can be seen as manifestations of the set of ideas and beliefs that have underpinned their evolution and development;
That there are still many valuable ideas which have been advanced in the course of history that remain not yet sufficiently understood and appreciated;
That there is often a tendency for ideas to degenerate over time; that free expression of new perspectives on existing ideas and creation of new ones should only be helpful in terms of bringing out the full value of these ideas;
That eccentric but truly believed ideas coming out of the inner characters of man is one original virtue of mankind and constitutes a constructive force in terms of bringing out the value and power of ideas;
That the courage to voice out and act on such ideas should be seen as one important force driving the undiscovering of the deeper truth and the progress of the civilization created by Homo Saipens.
That, too, should mean that one measure of the depth and future prospects of a society and civilization is how well it provides the “soil” that allows new ideas and new perspectives on existing ones to:
emerge;to grow; and to flourish.
Hong Kong’s ability to remain competitive as an international financial center depends on perseverance
Hong Kong’s so-called achievements as an international financial center are actually not very outstanding. It still lags behind London and New York in many aspects. However, Hong Kong’s development is still “young” and there are not many interest groups that dominate the economic sectors and there are many intricate and complex relationships. .
Topic: What Adam Smith would write about Now?
Most men and events tend to fade away over time. As such, it is gratifying to discover that even after 300 years, my name still looks relevant to the point that there is an institution named after me and it has organized an essay contest on what I would write now. I am therefore delighted to submit this essay in support of it.
” Few will have the greatness to bend history, but each of us can work to change a small portion of the events, and in the total of all these acts will be written the history of this generation….
….Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope, and crossing each other from a million different centres of energy and darring those ripples build a current which can sweep down the mightiest walls of oppression and resistance. “
– The Ripple of Hope, Robert Kennedy-