https://taovalue.net/2021/08/06/investor-letter-2021-q2/2022-03-11T15:05:07+00:00monthlyhttps://taovalue.net/2021/10/27/investor-letter-2021-q3/2022-03-11T15:02:46+00:00monthlyhttps://taovalue.net/letters/2022-02-23T05:33:54+00:00weekly0.6https://taovalue.net/2022/02/22/investor-letter-2021-q4/https://taovalue.net/wp-content/uploads/2022/02/rf1-3.pngRF12022-02-23T05:30:30+00:00monthlyhttps://taovalue.net/about/https://taovalue.net/wp-content/uploads/2019/05/taovalue_performance19q1.pngTaoValue_Performance19Q12021-10-01T19:07:54+00:00weekly0.6https://taovalue.net/2021/08/13/thoughts-on-chinas-regulatory-landscape/2021-08-13T18:58:50+00:00monthlyhttps://taovalue.net/2021/04/28/investor-letter-2021-q1/2021-04-28T18:48:05+00:00monthlyhttps://taovalue.net/2021/01/27/the-great-retailization-of-us-market/2021-01-28T04:27:28+00:00monthlyhttps://taovalue.net/2021/01/20/investor-letter-2020-q4/2021-01-20T20:27:58+00:00monthlyhttps://taovalue.net/2017/07/17/sun-tzu-five-factors-framework/2021-01-13T05:01:40+00:00monthlyhttps://taovalue.net/2020/11/21/in-search-of-mindful-compounders/2020-11-22T04:12:03+00:00monthlyhttps://taovalue.net/2020/10/26/investor-letter-2020-q3/2020-10-27T03:34:42+00:00monthlyhttps://taovalue.net/2020/07/24/investor-letter-2020-q2/https://taovalue.net/wp-content/uploads/2020/07/valueimpactbubbleplot.pngValueImpactBubblePlot2020-08-05T03:11:35+00:00monthlyhttps://taovalue.net/my-bookshelf/2020-06-27T04:54:02+00:00weekly0.6https://taovalue.net/2019/11/05/meidong/2020-06-06T20:31:05+00:00monthlyhttps://taovalue.net/2020/06/05/3642/2020-06-06T04:27:42+00:00monthlyhttps://taovalue.net/2020/05/12/using-clustering-neutralization-to-improve-value-strategy/https://taovalue.net/wp-content/uploads/2020/05/99792-1mpwgkrhohhcvqbcbgcc62w.png1*mpwGkrhohhCvQbCbgcc62whttps://taovalue.net/wp-content/uploads/2020/05/304d5-1xkzcqciywy0_yvhh_ed3mg.png1*XkzcqCIyWY0_YVHh_eD3Mghttps://taovalue.net/wp-content/uploads/2020/05/c40e7-1afwczbsskryskxqryrglxa.png1*AfwczbsSKrysKxQrYRGlXAhttps://taovalue.net/wp-content/uploads/2020/05/e0eaa-1hm5anojui7m2ltbft1zjpg.png1*hM5anoJui7m2LtBft1ZJpghttps://taovalue.net/wp-content/uploads/2020/05/1bd73-1tctpiko-arosmpozmf7cqg.png1*TCtPiko-ArOSmPoZmf7cQghttps://taovalue.net/wp-content/uploads/2020/05/88f13-1p-9ugo_9fmszpij29wwzpa.png1*p-9UgO_9FmSZPiJ29WwzPAhttps://taovalue.net/wp-content/uploads/2020/05/00d67-1tpbq7hfirbwhgtsuy0zieq.png1*tpBq7hFIRBWhgtSUY0ZIEQhttps://taovalue.net/wp-content/uploads/2020/05/c5a6b-1mhepkxeuj8kntmb5afa0lw.png1*mHePKXeuJ8kNtMB5aFa0lw2020-05-13T00:20:37+00:00monthlyhttps://taovalue.net/2020/05/04/investor-letter-2020-q1/https://taovalue.net/wp-content/uploads/2020/05/rebalancestudy.jpgRebalanceStudy2020-05-05T01:06:21+00:00monthlyhttps://taovalue.net/2020/02/26/investor-letter-2019-q4/https://taovalue.net/wp-content/uploads/2020/02/ml-stockclustering.pngML-StockClustering2020-03-06T17:34:30+00:00monthlyhttps://taovalue.net/2019/12/20/how-did-rentech-do-it-book-notes-of-the-man-who-solved-the-market/https://taovalue.net/wp-content/uploads/2019/12/themanwhosolvedthemarket.jpgTheManWhoSolvedtheMarket2019-12-20T07:10:10+00:00monthlyhttps://taovalue.net/2019/10/31/investor-letter-2019-3q/2019-10-31T14:32:26+00:00monthlyhttps://taovalue.net/2019/09/18/some-thoughts-on-recent-factors-trends/2019-09-18T22:08:16+00:00monthlyhttps://taovalue.net/2015/12/02/whos-who-behind-vic-anonymous-users/https://taovalue.net/wp-content/uploads/2015/12/mimval_rev.jpgmimval_REVhttps://taovalue.net/wp-content/uploads/2015/12/tomahawk990_sraqu.jpgtomahawk990_sraquhttps://taovalue.net/wp-content/uploads/2015/12/resn_short.jpgRESN_Shorthttps://taovalue.net/wp-content/uploads/2015/12/wrt233.jpgwrt2332021-10-28T08:04:45+00:00monthlyhttps://taovalue.net/2019/08/08/investor-letter-2019-2q/2019-08-11T02:26:07+00:00monthlyhttps://taovalue.net/2019/07/11/china-internet-report-2019/https://taovalue.net/wp-content/uploads/2019/07/china_internet_report_2019_page_001.jpgchina_internet_report_2019_Page_0012019-07-11T20:21:03+00:00monthlyhttps://taovalue.net/2019/04/23/investor-letter-2019-1q/2019-04-23T20:37:54+00:00monthlyhttps://taovalue.net/2017/03/29/indirect-hard-lesson-baker-street-capital/2019-02-20T04:46:16+00:00monthlyhttps://taovalue.net/2019/01/28/investor-letter-2018-4q/2019-01-28T20:16:43+00:00monthlyhttps://taovalue.net/2018/10/30/investor-letter-2018-3q/2018-11-13T09:02:33+00:00monthlyhttps://taovalue.net/2018/09/07/book-notes-the-outsiders/https://taovalue.net/wp-content/uploads/2018/09/theoutsiders.jpgTheOutsiders2018-10-22T19:14:44+00:00monthlyhttps://taovalue.net/2018/10/17/quick-review-of-chinese-tech-stock-selloff-what-does-mr-market-know-that-you-dont/https://taovalue.net/wp-content/uploads/2018/10/20181017_tbl_formula.png20181017_tbl_formulahttps://taovalue.net/wp-content/uploads/2018/10/20181017_1_stockcharts.png20181017_1_StockChartshttps://taovalue.net/wp-content/uploads/2018/10/20181017_tbl_perf.png20181017_tbl_perfhttps://taovalue.net/wp-content/uploads/2018/10/20181017_tbl_lm.png20181017_tbl_lmhttps://taovalue.net/wp-content/uploads/2018/10/20181017_tbl_cormat.png20181017_tbl_cormathttps://taovalue.net/wp-content/uploads/2018/10/20181017_3_scatterplot.png20181017_3_ScatterPlothttps://taovalue.net/wp-content/uploads/2018/10/20181017_2_cormat.png20181017_2_CorMat2018-10-18T04:13:51+00:00monthlyhttps://taovalue.net/2018/08/28/shoulders-of-giants-charlie-munger-li-lu-interview-08-2018/https://taovalue.net/wp-content/uploads/2018/08/mungercover.jpgMungerCover2018-09-06T15:46:00+00:00monthlyhttps://taovalue.net/2018/07/22/investor-letter-2018-2q/2018-07-23T00:52:49+00:00monthlyhttps://taovalue.net/2018/04/19/investor-letter-2018-1q/2018-04-19T19:50:16+00:00monthlyhttps://taovalue.net/2017/07/19/investor-letter-2017-2q/2018-04-06T18:29:48+00:00monthlyhttps://taovalue.net/2017/10/19/investor-letter-2017-3q/2018-04-06T18:29:13+00:00monthlyhttps://taovalue.net/2018/01/19/investor-letter-2017-4q/2018-01-19T20:07:13+00:00monthlyhttps://taovalue.net/2017/12/08/valuation-framework-for-bitcoin/2018-01-11T04:49:48+00:00monthlyhttps://taovalue.net/2017/11/13/yy-an-under-followed-chinese-tmt-play-with-margin-of-safety/https://taovalue.net/wp-content/uploads/2017/11/yy_valuation_31.pngYY_Valuation_3https://taovalue.net/wp-content/uploads/2017/11/yy_valuation_21.pngYY_Valuation_2https://taovalue.net/wp-content/uploads/2017/11/yy_valuation_1.pngYY_Valuation_1https://taovalue.net/wp-content/uploads/2017/11/yy_met_5.pngYY_Met_5https://taovalue.net/wp-content/uploads/2017/11/yy_met_4.pngYY_Met_4https://taovalue.net/wp-content/uploads/2017/11/yy_met_2.pngYY_Met_2https://taovalue.net/wp-content/uploads/2017/11/yy_met_3.pngYY_Met_3https://taovalue.net/wp-content/uploads/2017/11/yy_met_1.pngYY_Met_12019-01-29T12:39:14+00:00monthlyhttps://taovalue.net/2017/10/26/incentive-system-evaluation-a-case-study-of-coty/https://taovalue.net/wp-content/uploads/2017/10/hbr_comp.jpgHBR_Comphttps://taovalue.net/wp-content/uploads/2017/10/coty_proxy_7.jpgCoty_Proxy_7https://taovalue.net/wp-content/uploads/2017/10/coty_proxy_6.jpgCoty_Proxy_6https://taovalue.net/wp-content/uploads/2017/10/coty_proxy_5.jpgCoty_Proxy_5https://taovalue.net/wp-content/uploads/2017/10/coty_proxy_4.jpgCoty_Proxy_4https://taovalue.net/wp-content/uploads/2017/10/coty_proxy_3.jpgCoty_Proxy_3https://taovalue.net/wp-content/uploads/2017/10/coty_proxy_2.jpgCoty_Proxy_2https://taovalue.net/wp-content/uploads/2017/10/coty_proxy_1.jpgCoty_Proxy_12017-10-26T05:23:47+00:00monthlyhttps://taovalue.net/2017/09/26/book-notes-big-money-thinks-small-by-joel-tillinghast/https://taovalue.net/wp-content/uploads/2017/09/bigmoneythinkssmall.jpgBigMoneyThinksSmall2017-09-27T03:34:49+00:00monthlyhttps://taovalue.net/2017/08/31/great-oriental-investors-shoucheng-zhang-a-quantum-polymath-award-winning-physicist-and-vc-investor-at-once/https://taovalue.net/wp-content/uploads/2017/08/formulas.jpgformulas2017-09-12T16:51:37+00:00monthlyhttps://taovalue.net/2017/08/16/all-about-moats-book-notes-of-pat-dorseys-two-books/https://taovalue.net/wp-content/uploads/2017/08/moat.jpgMoat2017-08-23T03:00:13+00:00monthlyhttps://taovalue.net/2017/06/06/chinese-adr-go-private-deals-overview-a-changyou-buyout-inspired-study/https://taovalue.net/wp-content/uploads/2017/06/cpd_vnet_chart.jpgCPD_VNET_Charthttps://taovalue.net/wp-content/uploads/2017/06/cpd_yy_chart.jpgCPD_YY_Charthttps://taovalue.net/wp-content/uploads/2017/06/cpd_momo_chart.jpgCPD_MOMO_Charthttps://taovalue.net/wp-content/uploads/2017/06/cpd_renn_chart.jpgCPD_RENN_Charthttps://taovalue.net/wp-content/uploads/2017/06/cpd_historicaldeals.jpgCPD_HistoricalDealshttps://taovalue.net/wp-content/uploads/2017/06/cpd_jaso_chart.jpgCPD_JASO_Charthttps://taovalue.net/wp-content/uploads/2017/06/cpd_jmei_chart.jpgCPD_JMEI_Charthttps://taovalue.net/wp-content/uploads/2017/06/cpd_faileddeals.jpgCPD_FailedDealshttps://taovalue.net/wp-content/uploads/2017/06/cpd_goprivatedealprocess.jpgCPD_GoPrivateDealProcesshttps://taovalue.net/wp-content/uploads/2017/06/cpd_controllingbuyer.jpgCPD_ControllingBuyer2019-03-27T17:52:17+00:00monthlyhttps://taovalue.net/2017/05/16/shoulder-of-giants-bruce-greenwald-barrons-interview/2017-05-17T02:59:22+00:00monthlyhttps://taovalue.net/contact/2017-05-04T18:05:37+00:00weekly0.6https://taovalue.net/2017/04/21/long-term-management-against-long-term-investing-thoughts-on-activism-and-short-termism/https://taovalue.net/wp-content/uploads/2017/04/hbr_entitymodels.jpgHBR_EntityModels2017-04-21T14:45:15+00:00monthlyhttps://taovalue.net/2017/04/12/thoughts-on-echelon-corp-elon/https://taovalue.net/wp-content/uploads/2017/04/elon_2.jpgELON_2https://taovalue.net/wp-content/uploads/2017/04/elon_1.jpgELON_12017-04-13T03:41:09+00:00monthlyhttps://taovalue.net/2016/05/13/shoulders-of-giants-lessons-from-gurus-mistakes/https://taovalue.net/wp-content/uploads/2016/05/vrx.jpgVRXhttps://taovalue.net/wp-content/uploads/2016/05/zinc.jpgZINChttps://taovalue.net/wp-content/uploads/2016/05/sune.jpgSUNE2017-03-29T17:33:10+00:00monthlyhttps://taovalue.net/2017/03/15/texwinca-0321-hk-a-cigar-butt-or-anything-more/2017-03-16T03:09:41+00:00monthlyhttps://taovalue.net/2017/03/10/how-much-do-finance-people-make-in-chicago-2016-cfa-compensation-survey/https://taovalue.net/wp-content/uploads/2017/03/cfachicagocomp_20161.jpgCFAChicagoComp_20162017-03-10T17:07:19+00:00monthlyhttps://taovalue.net/2017/03/01/cdev-stockwarrant-arbitrage-play/2017-03-07T22:42:37+00:00monthlyhttps://taovalue.net/2017/01/10/howard-marks-and-his-buddhism-based-investment-philosophy-book-note-of-the-most-important-thing/https://taovalue.net/wp-content/uploads/2017/01/tmit_cover.jpgtmit_coverhttps://taovalue.net/wp-content/uploads/2017/01/howardmarksriskreturnchart.pnghowardmarksriskreturncharthttps://taovalue.net/wp-content/uploads/2017/01/marketassessmentchart.jpgmarketassessmentcharthttps://taovalue.net/wp-content/uploads/2017/01/howardmarks_2016.jpghowardmarks_20162017-01-10T20:40:49+00:00monthlyhttps://taovalue.net/2016/10/19/changyou-com-cyou-a-value-buy-with-potential-near-term-earning-catalyst/https://taovalue.net/wp-content/uploads/2016/10/cyou_aug_surge.jpgcyou_aug_surgehttps://taovalue.net/wp-content/uploads/2016/10/tlbb3d_baidu_results.jpgtlbb3d_baidu_resultshttps://taovalue.net/wp-content/uploads/2016/10/dddld_baidu_results.jpgdddld_baidu_results2017-05-24T16:07:20+00:00monthlyhttps://taovalue.net/2016/10/09/book-notes-so-you-want-to-start-a-hedge-fund/https://taovalue.net/wp-content/uploads/2016/10/soyouwanttostartahedgefund.jpgsoyouwanttostartahedgefund2016-10-10T03:31:32+00:00monthlyhttps://taovalue.net/2016/04/07/thoughts-on-nexpoint-residential-nxrt/https://taovalue.net/wp-content/uploads/2016/04/nxrt_dispositionanalysis.jpgNXRT_DispositionAnalysishttps://taovalue.net/wp-content/uploads/2016/04/nxrt_obligation.jpgNXRT_Obligation2016-06-09T13:46:14+00:00monthlyhttps://taovalue.net/2016/04/12/how-to-live-a-playful-life-notes-from-the-education-of-a-value-investor-by-guy-spier/https://taovalue.net/wp-content/uploads/2016/04/guyspier_reply_20160413.pngGuySpier_Reply_201604132016-04-14T00:15:08+00:00monthlyhttps://taovalue.net/2013/08/03/deadly-loans-why-chinas-shadow-capital-market-persists/2016-02-03T15:55:46+00:00monthlyhttps://taovalue.net/2013/08/19/how-far-is-too-far-teslas-valuation/https://taovalue.net/wp-content/uploads/2013/08/tsla.pngTSLAhttps://taovalue.net/wp-content/uploads/2013/08/aapl.pngAAPL2016-02-03T15:55:28+00:00monthlyhttps://taovalue.net/2015/08/25/takeaway-from-interview-with-southeasterns-josh-shores/2016-02-03T15:54:41+00:00monthlyhttps://taovalue.net/2015/09/05/whitney-tilsons-lesson-from-world-acceptance-corp-short/2016-02-03T15:54:18+00:00monthlyhttps://taovalue.net/2015/10/22/reits-%ef%bc%88%e6%88%bf%e5%9c%b0%e4%ba%a7%e6%8a%95%e8%b5%84%e4%bf%a1%e6%89%98%ef%bc%89%e7%ae%80%e4%bb%8b/https://taovalue.net/wp-content/uploads/2015/10/reits_valuations.jpgREITS_valuations2016-02-03T15:53:52+00:00monthlyhttps://taovalue.net/2015/11/05/shoulders-of-giants-dealbook-conference-2015s-interviews-with-stan-druckenmiller-carl-icahn/2016-02-03T15:52:49+00:00monthlyhttps://taovalue.net/2015/11/11/shoulders-of-giants-cfa-sociaty-chicago-annual-dinner-2015-interview-with-mohamed-el-erian/2016-02-03T15:52:26+00:00monthlyhttps://taovalue.net/2015/11/24/shoulders-of-giants-jeremy-siegels-outlook-for-stock-and-bond-returns-2015/2016-02-03T15:45:11+00:00monthlyhttps://taovalue.net/2015/12/19/what-do-you-need-to-know-about-internet-finance-in-china/https://taovalue.net/wp-content/uploads/2015/12/ezhubao_02.jpgEZhuBao_02https://taovalue.net/wp-content/uploads/2015/12/ezhubao_01.jpgEZhuBao_01https://taovalue.net/wp-content/uploads/2015/12/ezhubao_00.pngEZhuBao_00https://taovalue.net/wp-content/uploads/2015/12/yuebao_allocation.pngYu'eBao_Allocation2016-02-03T15:44:09+00:00monthlyhttps://taovalue.net/2015/12/31/shoulders-of-giants-brian-bares/2016-02-03T15:43:25+00:00monthlyhttps://taovalue.net/2016/01/27/a-part-time-investors-investment-process/2016-02-03T15:40:16+00:00monthlyhttps://taovalue.net/2013/05/16/hello-world/2016-01-19T01:18:57+00:00monthlyhttps://taovalue.net/2015/09/08/strange-price-pattern-of-klxi-on-982015/https://taovalue.net/wp-content/uploads/2015/09/klxi_201509081.pngKLXI_20150908https://taovalue.net/wp-content/uploads/2015/09/klxi_20150908.pngKLXI_20150908https://taovalue.net/wp-content/uploads/2015/09/screen-shot-2015-09-08-at-4-09-36-pm.pngKLXI 9/8/2015 Price Chart2016-01-19T01:18:46+00:00monthlyhttps://taovalue.net/2015/11/06/how-much-do-finance-people-make-in-chicago-2015-cfa-compensation-survey/https://taovalue.net/wp-content/uploads/2015/11/cfachicagocomp01.jpgCFAChicagoComp012016-01-19T01:18:38+00:00monthlyhttps://taovalue.netdaily1.02022-03-11T15:05:07+00:00