What nature tells us about investing in a turbulent environment

As we find ourselves at a critical juncture, where economic and political systems can be overturned, we turned to nature  for inspiration and learned what “species” of investors are most likely to thrive in this rapidly changing environment. Lessons from nature From: Essentials of Ecology, 5e, G. Tyler Millers and Scott E. Spoolman. (Brooks/Cole) Scientists. Read More

How to be a Superforecaster

What makes a better forecaster of future events? Well, if somebody can answer that question, it is Professor Philip Tetlock of the University of Pennsylvania. Tetlock co-created The Good Judgement Project (GJP) which participated in a forecasting tournament held by IARPA, a U.S. government organisation. IARPA supports research that has the potential to revolutionise intelligence. Read More

How Factfullness can help investors make better decisions

Most of us are surprisingly wrong about the world. We must have a correct world view in order to make a judgment about where the world is headed. Unfortunately, this is where most of us already go wrong. We are wrong! This, we found out while reading the eye-opening book Factfullness, in which author Hans. Read More

How Tech is Changing the Lives of Entrepreneurs

With the growing global internet penetration rate, the proliferation of smart devices, and the democratisation of knowledge, long-established barriers to business are lowering across industries around the globe. This is especially prevalent in developing markets, like Indonesia, where access to knowledge, skills, markets and funding have been limited. Let’s dive deeper into how this has. Read More

Why Entrepreneurship is key to Economic Growth, especially in Emerging Markets

Influenced by watching the tv-show Shark Tank every day, we have recently been writing a lot about “tech enabled” entrepreneurship and how we believe tech is lowering the barriers to doing business. However, we did not really substantiate the importance that entrepreneurship has. In this article we dig deeper. Academics see entrepreneurs as the innovators,. Read More

The Empowering Role of Ride-Hailing Companies in Developing Countries

The rise of ride-hailing applications has transformed the commuting habits of millions of citizens around the world. But its effects have been greater felt in developing countries where the amount of traffic has been increasing at an alarming rate; public transportation has become inefficient, inadequate, or too expensive; and populations continue to grow but public. Read More

Entrepreneurship unleashed: how Indonesia went from oligarchy to unicorn maker

There must be something in the water in Indonesia. Because in the span of just three years, the country managed to produce four unicorns – startups the have reached at least US $1 billion in valuation. Young people creating new businesses at scale is relatively new in Indonesia, as for decades, Indonesia’s formal economy was. Read More

On counting our blessings and tech start-up investing

Counting our blessings One day in San Francisco, a rare taxi trip took an interesting turn. If I had not spoken to the cab driver, a Russian man, I would not have heard his captivating story. He was one of many who were attracted to the idea of moving to America, the land of opportunity.. Read More

Opportunity amidst volatility

Recently, the Indonesian seed maker BISI International (BISI), faced headwinds due to weather disruptions. With inadequate production and inventory levels, the company had little inventory to sell, almost entirely erasing net profit during the first half of 2018. Consequently, the stock price declined following the earnings result announcement. “In the short run, the market is. Read More

New Retail in China

Here at Heyokha, we spend a lot of time analyzing Chinese tech and ecommerce opportunities, and most recently have focused on the disruption of the brick-and-mortar retail space by Chinese tech giants. They have been driving innovation and vertical integration in the retail space. So, when we recently had a chance to visit Chengdu and. Read More

About Reflection

Investment is a journey. Every now and then a milestone may be reached or a mistake made. We look back at our previous assumptions and look forward for new opportunities and risks. We reflect on what we have learned, how we have performed, what questions we have asked, and most importantly, what decisions we have made. Reflection discusses in detail these topics on an infrequent but regular basis.