Something learnt from the conversation with a prev edu fund manager
The anti-commericialization wave of CN's edu industry force loads of hot money from edu fund to ran away.They r clearly natively domestic money and be constrained by de strict money cross-boarder regulation. In this case, two way showed on: shifting to local vocational&skill education and transfer to TMT(espically crypto or so called Web3.0) segment w/ solid wealth effect.De former one isnt sexy and groovy enough: fundamentally saying newborn goes down consecutively, ARPU story been prov...
Something learnt from the conversation with a prev edu fund manager
The anti-commericialization wave of CN's edu industry force loads of hot money from edu fund to ran away.They r clearly natively domestic money and be constrained by de strict money cross-boarder regulation. In this case, two way showed on: shifting to local vocational&skill education and transfer to TMT(espically crypto or so called Web3.0) segment w/ solid wealth effect.De former one isnt sexy and groovy enough: fundamentally saying newborn goes down consecutively, ARPU story been prov...
Why do we include NFTs in our portfolio?
本文适合阅读人群：对nft资产管理存疑的资管从业者； 本文只从纯交易角度看待NFT市场整体，而不讨论具体的nft使用途径和发展。为什么我们把NFT塞进了我们的投资组合中，这样的配置有何优劣之处？将NFTs 纳入投资组合是从21年九月份我从hedge fund辞职之后慢慢尝试的一种“管理不活跃的储备资产”方式，比起一种特别的资产配置，我更倾向于把它视为一种cash，并配置30%~35%的仓位。很多人会很疑惑，抛弃文化属性、艺术性、互操作性等特征，从纯交易角度看NFT整体的特性是：非同质化的、流动性割裂的、缺乏应急保障的。NFTs function like cryptographic tokens, but, unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are not mutually interchangeable, hence not fungible. While all bitcoins are equal, each NFT may represent a different underlying a...
Why do we include NFTs in our portfolio?
本文适合阅读人群：对nft资产管理存疑的资管从业者； 本文只从纯交易角度看待NFT市场整体，而不讨论具体的nft使用途径和发展。为什么我们把NFT塞进了我们的投资组合中，这样的配置有何优劣之处？将NFTs 纳入投资组合是从21年九月份我从hedge fund辞职之后慢慢尝试的一种“管理不活跃的储备资产”方式，比起一种特别的资产配置，我更倾向于把它视为一种cash，并配置30%~35%的仓位。很多人会很疑惑，抛弃文化属性、艺术性、互操作性等特征，从纯交易角度看NFT整体的特性是：非同质化的、流动性割裂的、缺乏应急保障的。NFTs function like cryptographic tokens, but, unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are not mutually interchangeable, hence not fungible. While all bitcoins are equal, each NFT may represent a different underlying a...
