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Compounding Curiosity

Sep 23, 2021

My guest today is Graham Rhodes (@longriver_hk). Graham is Head of Research at Capital For Business Ltd., a Hong Kong-based family office.  He writes through his blog Longriver and is also an organiser of ValueAsia, a non-profit community for students of value investing.


In this conversation, we cover Graham’s background growing up between Hong Kong and New Zealand; his journey as an investor; building a more resilient investment practice; the reasons not to invest in China; why he thinks Asian gaming companies are best positioned for the future; and his experiences working at a family office.  


I had a blast with this one so please enjoy my conversation with Graham Rhodes.


For the full show notes, transcript, and links to mentioned content, check out the episode page on 




Show Notes:

[00:00:37] - [First question] - Background

[00:03:26] - Was investing always Graham’s passion?

[00:04:43] - A lowest low in Graham’s investing journey?

[00:06:56] - Idea generation?

[00:09:45] - How does a community help in investing

[00:12:36] - Reasons not to invest in China

[00:17:36] - What does ambitious management look like

[00:19:27] - Gaming in Asia

[00:23:04] - Are the business models of gaming changing?

[00:27:20] - Regulation of gaming companies

[00:29:10] - Macro thoughts going forward

[00:31:54] - Longriver and working at a multi-family office

[00:33:44] - What’s a typical day look like?

[00:35:20] - Any misconceptions or misunderstandings about family offices?

[00:39:44] - Undervalued life experience?

[00:42:21] - What’s been influential in shaping Graham’s worldview?

[00:44:25] - If Graham was 18 again?

[00:46:07] - Plans for the future and wrapping up




Connect with Graham:

Follow Graham on Twitter: 

Graham’s Blog: 

Graham’s Email: grahamfrhodes [@]

Longriver Podcast:

Connect with Graham on LinkedIn: 




Mentioned/Recommended Content:


Graham’s translation of Li Lu’s 2015 speech, “The Prospects for Value Investing in China”:


Graham’s translation of Li Lu’s 2019 speech, “The Practice of Value Investing”:


Graham’s reflections on the 2020 market crash:


Why there is no solution to our age of crisis without China:




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