A Simple Bet: Belief in Asia’s Growing Middle Class

2 November 2016

A Simple Bet: Belief in Asia’s Growing Middle Class

What is the secret to successful investing in China? Finding the right partners, people you can trust. “Our returns have been very good,” Richard tells Bloomberg TV anchor David Westin. “We have a good team and a simple bet that is still the same: belief in Asia’s growing middle class.”

Two illustrations are recent makeovers of troubled state-owned banks, one in Seoul, South Korea, the other in Shenzhen, China. After acquiring control, Richard and his partners offered mortgages and other financial services for consumers, while sharply paring loans to big companies. Both institutions soon prospered, strengthening payrolls and local economies.

Richard Blum

About the Author

Richard C. Blum is a San Francisco-based private-equity investor and philanthropist. He has combined these twin passions over several decades, applying his core concepts and acumen to build companies for long-term growth at Blum Capital Partners, Newbridge Capital, and other firms, and to myriad humanitarian, higher education, and public policy projects to fight poverty and advance global development.

Thomas C. Hayes

About the Author

Thomas C. Hayes is a managing director with Finsbury, a global consulting firm in strategic communications, and a former award-winning New York Times economic correspondent. An Accident of Geography is his fourth book, each a collaboration with authors in investing, management, technology, or philanthropy.

A Simple Bet: Belief in Asia’s Growing Middle Class

2 November 2016