When Lady Luck Checks Out

You could be forgiven for never having heard of 13 Holdings Ltd., a Hong Kong-listed property-management firm established to raise funds for a luxury hotel and casino in Macau. 1 Today, the development sits unfinished as the company struggles to find ... ( read original story ...)

Three things I wish I’d understood about money a long time ago

I paid approximately US$180,000 for a little one-bedroom walk-up flat in Central, Hong Kong. I took out a 50 percent mortgage to buy it, so my down payment after stamp duties, agents’ fees and other expenses was roughly US$100,000. I could have bought ... ( read original story ...)