How many of you still remember the famous Hong Kong show “The Greed of Man” (大時代)? The dramatic scene of the final battle between Ting Hai (丁蟹) and Fong Chin-bok (方展博) on the trading floor of the Hong Kong exchange was probably the childhood memory that triggered my interest in the stock market. Whatever political mess happening in Hong Kong does not seem to have dampened investor’s enthusiasm at all. Nongfu Spring‘s Hong Kong IPO (Initial Public Offering) just soared to the sky on the 1st day in its Hong Kong debut. It proves again that money flow drives all asset prices. But as we all know, there is no replay in stock investing as in a TVB drama. If you have asked me about IPOs ten years ago, I would have almost always given you a negative opinion. At that time, I was still a disciple of Warren Buffett’s value investing camp and...