YouSaid · the spoken record

Simon Hallett

lines on the record: 54
first: 2020-07-31
most recent: 2020-07-31
sittings or episodes: 1
sources: podcast

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“No, we try very hard to ignore it. We're investment people, so we're kind of curious about the world and we're opinionated. So we have opinions about the macroeconomic environment, but we try very hard not to let it influence our portfolios. I actually like to quote something that you wrote four or five years ago when you're asked about the economy and what you think. And that's pretty much the view that we take. The academic studies suggest there's very little correlation between, let's say, GDP and stock market returns. I think it's interesting to discuss why there's little covariance between GDP and growth and stock market returns.”
2020-07-31 · Masters in Business · Simon Hallett on Investing and Soccer (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I find it horrifying. You know, Hong Kong was very much left to its own devices. I thought that the Sina British Joint Declaration in the mid-1980s was going to be a treaty that guaranteed the independence of Hong Kong. Clearly that's being overcome. And I think it's not going to be good for Hong Kong as a place. And I worry about the future of the people that I know who are still there and the rest of the population. I don't think it's going to be healthy for Hong Kong.”
2020-07-31 · Masters in Business · Simon Hallett on Investing and Soccer (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, it was the first time I traveled anyway other than to France. So everything about it was tremendously exciting. As you say, it was a great time to be in Hong Kong. It was a few years before the rest of Asia began to open up. But Hong Kong itself had just had a massive expansion in population as a result of immigration from Hong China. After the misery of England in the 1970s, it was just amazing to be surrounded by people who often lived in great poverty, having just arrived from China, so, you know, all the clich ⁇ s about Hong Kong, about that it's a culture of independence, it's a culture of trying hard for personal success were true. And I just found it tremendously exciting.”
2020-07-31 · Masters in Business · Simon Hallett on Investing and Soccer (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“It was actually the late 70s. I graduated in 1977 and went to work for the Midland Bank, which was then one of the big four clearing banks in England. In the early 80s, I moved to investment management, investing, let's say, in Hong Kong. In London, that was an era of high interest rates. We were just coming off the financial crisis of the mid-70s. And when I moved to Hong Kong, we were just beginning in a property collapse. I moved there in 1981 in the property market collapsed in summer that year. The oil price was 32. It was about to go, fall in half as well. So it was an era really of continuous crisis as far as I was concerned.”
2020-07-31 · Masters in Business · Simon Hallett on Investing and Soccer (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source