Tiger Woman on Wall Stree (34 page)

as American ideal,
36

in childhood,
25
-26

and human rights in China,
153

and Tiananmen Square demonstration,
40

Game theory,
63
-64

Gang of Four,
18
-19

Gaokao system,
242

Gardner, Helen,
65

Garmin,
90
-91

GDP, in top-down analysis,
182
,
183

General partners,
74

“GET” (
see
“Global Education and Technology”)

Gifts, luxury goods as,
157
-159

“Global Education and Technology” (“GET”),
114
-115,
117
,
171
-173

Global Financial Integrity,
160

Global investing,
255
-258

Globalization,
94

“Go out” initiative,
95

“Going dark,”
128

Gold, Jason,
74
,
92
,
110

advice on “CLF” from,
123

on Chinese IPOs,
95
,
98
-99,
104

and financial crisis,
106
,
107

first interview with,
13
-16

on good companies and good stock,
82

grading of executives by,
214

investigative research method of,
75
-76

phone call training with,
76
-78

Goldman Sachs,
109
,
167
,
236

Goldpebble,
193
-194,
196
,
202
-203,
207

Gone with the Wind
(film),
35
-37

Gone with the Wind
(Margaret Mitchell),
37
,
50

Google,
92
,
177

Government expenditures,
224
-226

Government subsidies,
103
-104,
224

Graft,
30

Grand Bargain,
41

Grandfather (paternal),
18

“Grandma Yangyang” (neighbor),
26
,
136
-138

Grandmother (maternal),
21
,
43
,
44

Great Leap Forward,
60
,
244

Greenberg, Hank,
167

Green-tech companies,
101
-104,
108
,
110

Gross domestic product, in top-down analysis,
182
,
183

Growth model of Chinese economy,
6

Hedge fund managers,
72
-74

Hedging,
119
-120

Herbalife,
197

Hewlett-Packard,
218

High-frequency risk,
236

History, in education,
243
-244

Home, childhood,
24
-25

Honor code,
55
-59

Hope,
61
-62

Housing crises,
106
-108

Housing reform,
38
-39

Hsieh, Louis,
200

Huaxia Bank,
234
,
235

Human rights,
153

Hypes (short sale candidates),
83

IBM,
218

ICBC (Industrial and Commercial Bank of China),
142
,
222
,
225

ICR Consumer Conference,
216
-217

Idea-based education,
2

Independence, board of directors’,
176

Industrial and Commercial Bank of China (ICBC),
222
,
225

Industrial Revolution,
187
-188

Initial public offerings (IPOs):

CFOs for,
122

fraud and,
129
-131

IPO road show,
113
-117

and reverse mergers,
126
-128

three waves of,
94
-98

Innovation,
148
,
229

Insider trading,
172

Instant alphas,
117
-120

Intellectual property,
99
-103

Internet, Chinese,
176
-181

Internship, M Capital,
64
-65

Investigative research,
191
-220

at Aurarian Capital Management,
16
,
74
-80

on Chinese stocks,
196
-204

and influence of state media on businesses,
217
-218

at JL Warren,
111

and market inefficiency,
252

meeting with Yifeng,
191
-196

need for,
4

and past performance as indicator of future success,
219
-220

for special situation investments,
196
-204

on Western multinationals operating in China,
204
-220

and x factors in China,
204
-217

Investing:

advice on,
6
-7,
251
-259

trading vs.,
187
-190

Investment, domestic consumption and,
227

Invisible hand,
62
-63

IPO road show,
113
-117

IPOs (
see
Initial public offerings)

Jacques, Martin,
170

Japan,
246

Jasmine (sister),
11
,
24
,
133
-136,
147
,
152
,
239
,
248

Jing An District (Shanghai),
24

JL Warren (author’s company),
248

father’s investment in,
142
-143

gifting estimates from,
157

investigations of WMPs by,
235

starting,
4
,
110
-111

Jobs, Steve,
217

“Joe” (client),
77
-78

J.P. Morgan,
176
,
197

KFC China,
204
-217,
256
,
258

Knowledge arbitrage,
195
-196

Knowledge-based education,
2
,
240

“Knucklehead” (trader),
118
-120

Korea,
246

Land titles, leasing of,
226

Langone, Ken,
212
,
214

“Lau, Jackie,”
121
-122

Lay, Kenneth,
176

Learning how to think,
67

Lee, Ann,
171

Lehman Brothers,
186

Leigh, Vivien,
35
-36

Lenovo,
218

Li Gang,
149

Li Lu,
185

Li Peng,
146

Liar loans,
107

LinkedIn,
84
-85

“The Little Match Girl” (Hans Christian Andersen),
28
,
67

Little Sheep,
216

“Little Uncle,”
43
-45

Liu Zhijun,
153

Living standards,
23
-24,
46
,
136
-138

Local government expenditures,
224
-226

Lockup period,
122

Longtop Financial Technologies,
167
-169,
195

Love,
10
,
11
,
141
-142

Lululemon,
252

Luxury goods,
133
-135,
156
-160,
208

LVMH,
156
,
159

M Capital internship,
64
-65

Ma, Jack,
97

Macau, casinos in,
155

Macro calls,
182

Macroeconomic data,
182
-183

“Manfred” (at “Sunlight Systems”),
84
-85

Mao Zedong,
17
-19,
21
,
60
,
145
,
244

Market bubbles,
3
-4,
107
-108,
236

Market inefficiency,
194
-195,
251
-254

Market value, stock,
188

McDonald’s,
210

Medi Spa,
78
-79

Media, Chinese,
46
-47 (
See also
China Central Television [CCTV])

Mengniu,
150

Mergers and acquisitions,
170
-174

Mid-cycle analysis,
188
-190,
258

Middle class, Chinese,
137
-138

Middlebury College,
2
,
15
,
52
,
240

art class,
65
-67

economics classes,
62
-64

educational experiences in China vs. America,
53
-54

honor code and cheating,
55
-59

M Capital internship,
64
-65

students’ behavior at,
54
-55

viewing of
To Live
(film),
60
-62

Milk powder scandal,
149
-151

Ministry of Education,
239

Ministry of Finance,
225

Mistress economy,
157
-158

MNCs (
see
Multinational corporations)

Monetization,
177

Morality,
145
-147,
175

Mother:

Cultural Revolution and experiences of,
21
,
61

current life of,
248

garment import-export business of,
30
,
42
-43

housekeeping by,
25
,
46

job and wages of,
24

music instructor’s treatment by,
32

qualities inherited from,
14
-15

MSN,
207

Muddy Waters,
128
,
165
-171,
174
,
196
,
197
,
200
-204

Multinational corporations (MNCs):

in China, research on,
204
-220

transparency problems for,
170
-176

valuation of,
195
,
219
-220

Music,
20
,
32

Mutual fund managers,
72
-73

Nanjing, China,
222

Nanjing Road (Shanghai),
134
,
137
,
163

Nasdaq,
96
,
98
,
164
,
176

National Bureau of Statistics,
182
,
183

Neighborhood, childhood,
25
-26,
49
,
136
-138

New Oriental Education & Technology Group,
96
,
197
-204

New York City,
124
-125,
248
-249

“Nick” (friend),
126
,
127
,
129
,
164

“Nikolai” (classmate),
57
-59

Novak, David,
212
-214

One-child policy,
198
-199

Online travel industry,
184
-185

Opportunity cost,
63

Oversubscribed (term),
117

Parenting style,
2
,
7
-11,
26
-27

Past performance,
219
-220,
257
-258

Paulson, John,
166
-167

Pearson,
171
,
172

Pei, Minxin,
154

The People’s Daily,
46
,
218

Pershing Square fund,
197

Pettis, Michael,
236

PF Chang’s,
219

Phone calling (research technique),
76
-80

Piggybackers,
97

Pitch books,
70

Pollution,
50
,
151
,
221

Poverty,
23
-24,
26

PPR,
156

Pride,
11

Principal-agent problem,
256
-257

Private equity,
130

Privatization,
38
-39

Progress,
37
-38,
105

Qihoo,
180
-181

Quantum Fund,
181

Questioning,
27
,
67

Rand, Ayn,
203

R&D programs,
99
-100,
148

Real estate market, Chinese,
49
,
236

Red Guard,
19

Red Party,
114
-116,
130
,
256
,
257

Redemption,
108

Reeducation,
18

Reform and Opening Up program,
23
,
35
,
37
-40,
145
,
187

Religion,
134
,
145
-147

Research business trips:

for Aurarian Capital Management,
93
-94

at Fiduciary Trust International,
71

first trip to China as an investor,
98
-106

(
See also
Shanghai research trip [2010-2011])

Retail stock,
123
-124,
204

Reverse mergers,
126
-128,
130

Richemont (
see
Compagnie Financière Richemont SA)

Risk factors, Chinese stock,
257

“Robert” (friend),
126
,
129

Rogers, Jim,
181
-182,
184

Rogers, John,
84

Rupert, Johann,
159

SAC Capital,
14

SAIC (State Administration for Industry and Commerce),
180

Saint-Saens, Camille,
32

Samsung,
218

Scalping,
41
-42

Securities and Exchange Commission (SEC):

insider trading lawsuit by,
172

investigations of Chinese companies by,
164
,
167
,
169
-170