Robert Kuok’s Trading Algorithm from 1963

I am reading Robert Kuok’s autobiography and these two paragraphs from the chapter Vintage 1963 jumped out at me. “Success in futures depends on your feel for the market, your instincts and rhythm. I would talk to different brokers. Each company had bright, young English traders. One or two would be a little cunning, but, … More Robert Kuok’s Trading Algorithm from 1963

Multiplication and Comparison Operations in Paillier

As is well known, the Paillier encryption system supports addition of two encrypted numbers and the scalar multiplication of a constant and an encrypted number. I learned recently one can compare two encrypted numbers and multiply two encrypted numbers in Paillier by making a trip to the private key holder. Let’s first look at comparison. … More Multiplication and Comparison Operations in Paillier

SJM Holdings: Hanging On or Cashing Out?

Back in Sep 2015, I wrote this¬†article¬†outlining the investment case for SJM Holdings. The story is simple: the Macau gaming revenue had more than halved by Sep 2015 from a peak in early 2014 because of the corruption crackdown in China, sending Macau gaming stocks crashing more than 70% in some cases; the long-term fundamentals … More SJM Holdings: Hanging On or Cashing Out?