The Kiril Sokoloff Interviews: Ronnie Chan

Featuring Ronnie Chan, Kiril Sokoloff

Investment visionary Kiril Sokoloff embarks on a series of exceptional interviews from his personal contacts for Real Vision. In this first episode, Kiril sits down with Ronnie Chan, a leading Hong Kong property developer and early Chinese technology investor who has successfully straddled the diversity of eastern and western investment philosophies, becoming a trusted advisor to leaders across the world. Ronnie talks to Kiril about markets, politics and how to manage President Vladimir Putin on the public stage.

Published on
22 June, 2018
Topic
Politics, Technology, China
Duration
61 minutes
Asset class
Real Estate
Rating
83

Comments

  • WM

    William M.

    4 7 2018 17:32

    0       0

    This should be a great series. Kiril and his contacts should provide us with a great lesson in success, learning and perhaps humility. Sorry to some some focus on the issue of freedom here, this was minor part of the interview, 90% was very good.

  • mc

    mark c.

    2 7 2018 08:02

    1       1

    Just loved Ronnie!!
    No suprise to see in the comments the Yanks getting their noses out of joint regards the "freedom" issues raised by Ronnie.
    Good to see this diversity of opinion on Real Vision and instructive for the americans to learn that not all the world thinks american "democracy" is all it's purported to be. The yanks hate a mirror held up to their own behaviour
    Good on you Ronnie!!

  • RK

    Roger K.

    2 7 2018 06:39

    0       1

    He has made sure not to anger Chinese authority and no mention of the democracy in Hong Kong.

  • TM

    Todd M.

    1 7 2018 20:14

    0       0

    We have here a dynastic elite who casually supports the suppression of individual freedom to maintain status. This is antithetical to full human development and the sine qua non of global elite suppressive forces. This is no trifling or trivial matter. Civility, social grace and humble man charm cannot cover such preposterous moral bankruptcy.

    My reading of history is that older people tend to declare the subsequent generations as morally inferior to themselves.

  • AH

    Ahmed H.

    1 7 2018 15:17

    0       3

    great interview.. i love how he states matter of factly some of the sides that have been picked in international relations .. very pragmatic view to international relations.. great insight .. more of this stuff pls!

  • ZW

    Zachary W.

    1 7 2018 03:25

    4       2

    Great interview. I’ve spend 35 Years in Hong Kong and China - growing up as an expat and doing business- its great to see an HK person on Real Vision. More Asia people please. Spread the love...

  • HF

    Hassan F.

    30 6 2018 09:52

    2       6

    This is a financial markets platform they did not discuss 1 macro strategy or ticker. I don't blame Kiril or Ronnie I blame Real Vision for this predominantly useless interview. Real vision should know its audience by now and when they let a guest open up their contacts which is great but they should tell the guest that an investment thesis needs to be discussed. Unfortunately I got very little out of this.

  • MP

    Mark P.

    29 6 2018 14:31

    0       0

    I am a long time fan of Kiril Sokoloff and am impressed by Ronnie Chan but his statement on freedom is completely misguided. What is dangerous is too much concentrated power either in governments or any other form. Freedom is the great equalizer and the infinite form of checks and balances. Too much democracy which results in the tyranny of the majority is dangerous and often conflated with freedom. Also one must realize that unlimited or at least maximum freedom does not reduce the need for restraint, community standards and ethics. Freedom enhances the community's ability to enforce peaceful norms through a multitude of ways including force as a last resort. A lack of freedom outsources the concept of community and concentrates power to the bureaucratic state which attracts those seeking power for their own devices. The idea that more freedom will destroy mankind is flawed.

  • ZY

    Zheng Y.

    29 6 2018 12:32

    5       1

    this is a just business man with political agenda for his own biz. that is all. short and ugly in some way, no means of offending, if one knows how much benefit he get from mainland china, a vivid example.

  • JM

    John M.

    29 6 2018 04:28

    0       1

    Definitely among the top Real Vision interviews, nicely done!

  • DM

    Daniel M.

    28 6 2018 21:51

    0       0

    What's the intro music?

  • KS

    Kathleen S.

    28 6 2018 21:50

    9       2

    Scary --- I don't like it when a man who inherits billions from his Dad, tell me there is "too much freedom" in the world. Wow, he actually says this out loud. I'd say that people that have way too much money and use this money to push their ideas onto the majority is what is really dangerous. I see bureaucratic globalists as the biggest danger in the world today, they are going to lose control and it is just a matter if they let go nicely or if they try hard to maintain control. Two favorite John Kenneth Galbraith quotes came to mind after watching the interview:

    "People who are in a fortunate position always attribute virtue to what makes them so happy. "

    "People of privilege will always risk their complete destruction rather than surrender any material part of their advantage."

    We will see.

    • JM

      John M.

      29 6 2018 04:36

      2       1

      There can be excess and defect in everything, freedom included. Mr. Chan's reference to too much freedom points to the danger in excess: lawlessness, liberty unrestrained, anarchy. Freedom is pointless without discipline.

    • KS

      Kathleen S.

      1 7 2018 17:10

      4       0

      Thanks for the down vote John -- However ----
      The USA was founded on individual rights and freedoms and when my actions do not impede the rights of others, I do not see the need for bureaucrates and corrupt corporately owned elected politicians telling me what I can and can not do "for my own good". Controlling access to content on the internet by elites has nothing to do with "curbing" the dangers of porn for 12 year olds -- makes me laugh out loud when this concerned is presented by these two. Stopping access to the internet is all about controlling the flow of information. The more the masses learn, as to how badly they have been betrayed by their elected officials, the more angry and problematic they become to the world banking and corporate oligarchy. If the world elites, truly cared about children, they would put a stop to the predatory banking systems now in place which are used to enslave the masses under mountains of debt - which is virtually created out of "thin air".

    • TC

      Ted C.

      12 7 2018 08:26

      0       0

      I think you missed the point Kathleen, the point he was getting at is immoral people with too much freedom. Just as internet began with noble intents, that also leaves room for evil to grow without being held responsible e.g. dark net. America is founded on individual rights and freedom and it works well for Americans, but this is not the case with developing nations. The people from such a place sees freedom as "I do whatever the hell I want" at other people's expense and lack of consideration for others. If you have met enough generation X Chinese you would know you can explain to them why certain behaviours are disrespectful and frowned upon, and they will look at you confused as if is not their problem as long as they get what they want.

      In this age, the trend of preaching self aggrandising is what will end freedom by too much freedom, the few bad apples that ruins it for everyone. An example of this would be 9/11 that ruined flight comfort, if it never happened there there won't be so much procedures before getting on a plane. Take it a step further just taking away your government, law enforcers and be a lawless nation, America or not, chaos ensues.

  • AB

    AJ B.

    27 6 2018 18:01

    5       0

    Kiril, stop saying saying "right", "yea", "exactly" after each phrase of the person you are interviewing.

    • GO

      Greg O.

      12 7 2018 14:43

      0       0

      I agree, that was extremely annoying. I guess Kiril is used to giving interviews so this is a new role for him that he will adjust to. Otherwise during the edit RV could just simply cut out his mike's sound until he asks another question.

  • AE

    Alex E.

    27 6 2018 01:20

    1       0

    A real coup, Raoul...To have Mr. Sokoloff open up his contacts is momentous! Well done, Sir. I very much enjoyed this interview between two smart individuals and, obviously, good friends. I would differ with only one of Mr. Chan's comments. The World does need more freedom, but this needs to occur with responsibilities to fellow humans and I think Mr. Chan would concur with this idea. Other wise a great interview and hope to see more like it!

  • HS

    Hendrik S.

    26 6 2018 19:11

    3       0

    Please read the Facebook post of the journalist who s forbes article was removed by Ronnie https://m.facebook.com/anderscorr/posts/10103899753055411

    • RS

      Roy S.

      1 7 2018 08:10

      0       0

      thanks for posting this, I was wondering whether Chan is linked to United Front. Ironically he is parroting same BS uncovered by Michael Pillsbury in his book Hundred Year Marathon - a must read who wants to understand Chinese ambitions and methods

  • CP

    Christopher P.

    26 6 2018 07:51

    12       1

    Fascinating insight into the Chinese Politburo’s thinking.
    Mr Chan showed his true colours by stating “less freedom is required”. Whether one agrees with his myriad of contradictions, this is what Real Vision is truly about.
    It’s not always going to be the best trade idea or what the smartest hedge fund manager is guessing the Central Banks will do next.
    Sometimes it’s about taking the conversation up 10,000 feet to see the big picture.
    This interview (and the fact that we would never be privy to it other than for Real Vision’s connections) offers up a view of the big picture in so many ways.
    Thank you to the team at RV for bringing this incredibly fascinating view of the world to our screens!

  • TD

    Tejas D.

    26 6 2018 07:32

    0       0

    Great interview. Great perspective.

  • CB

    C B.

    26 6 2018 03:49

    4       1

    “They’ve become so poor, all they have left is money”. Oh man that’s good stuff. When I finished watching this interview, which I was fully awed by, I was reminded of how often I’ve been wrong about investment calls because I was projecting a moralistic framework into my hypothesis. I wish a focus on morality would rise again. Perhaps it will when debt is no longer money

    • KS

      Kathleen S.

      1 7 2018 17:16

      0       0

      "People who are in a fortunate position always attribute virtue to what makes them so happy. "

      John Kenneth Galbraith

  • Nb

    Nathaniel b.

    26 6 2018 02:43

    2       0

    Thanks RV, definitely a conversation I would not be privy to in my day to day.

  • F

    Floyd .

    26 6 2018 00:45

    1       1

    The facts and perspective from Mr. Chan were very interesting and "enlightening" .. I will however suggest that after a wonderful expression of how important morals/moral upbringing is and that society is evolving into a free for all with "too much freedom" and a lack of control,he was very pragmatic ( I won't use the word hypocritical or contradictory) in his statements about China's stealing of intellectual property and other less ethical business practices. "Saying every one does it" was the same term he used when describing his attitude about too much freedom.

  • Sv

    Sid v.

    25 6 2018 21:59

    2       0

    Great to hear smart people who look at the problem from a different world view.

  • RA

    Robert A.

    25 6 2018 21:37

    3       0

    Very enjoyable interview. I really enjoyed the interview that featured Kiril some time ago on RV and thought it was great to see him reverse roles as the interviewer. One of the most valuable bits that I got out of his interview was his recognition of the importance of Time management and Time prioitization resulting from his total deafness in his youth. For me, Kiril= discipline, intelligence, humility, character and curiosity. I am “all in” on anything he has to say or discuss.

  • DR

    Daniel R.

    25 6 2018 20:39

    0       0

    I couldn't agree more.

  • MT

    Morgan T.

    25 6 2018 17:48

    12       1

    Amazing interview!
    It's interesting to me to read the comments seeing that a lot of people get upset with one person's view of the world, if it wasn't clear in the interview I may add that Mr Chan has seen a lot of the world. Before you decide to fry the man you should drop your firm beliefs and take a different seat... view it from an other perspective.

  • DD

    Daniel D.

    25 6 2018 17:37

    10       1

    So of course we are ALL shaped by our experiences and backgrounds, etc. so thus, when our lips move it will be our perspective the other is hearing. I don't understand how that should be such a surprise. I certainly don't want to hear or view only things that I agree with or reinforce my own views. The only way I can test my conviction to a thought, position or theory is to have some contrary discourse provided in a format that is respectful and clearly communicated. As an American, I try not to drink the Kool-Aid and realize there are many other world views. If we study history (and I don't just mean ours) no country is without tragedies, chaos, embarrassment, etc.). RV please keep the diverse mix of content coming and l'll take the responsibility for how I process the information. Thank you Ronnie and Kiril!

  • EJ

    Edward J.

    25 6 2018 15:45

    1       1

    I think the number and breadth of the comments below suggest that this interview was a good addition to RV. I found his perspective on the US/China relations v interesting.

  • VS

    Victor S.

    25 6 2018 11:03

    7       2

    Amazing to me was Chan’s absurd remark on “too much Freedom” AS BAD? Without a context this is anarchy. Which would be correct! But he did not mean that. Liberty means limited/small govt ,not too much liberty? For a man born in Hong Kong it was shocking to not have hIm stress freedom? As to kiril he also got it completely 100% wrong. “If men were angels... by James Madison was stated to have Gov;t to control itself ie via a balance of power NOT GOVT TOTALLY OVER PEOPLE AS THE GOOD? PLEASE GENTS EXTREME ERRORS. These are the basics of success . Only when Deng allowed a degree of eco freedom did China get to #2.

  • CS

    Christopher S.

    25 6 2018 10:07

    3       2

    "Every Bad person I know is a man..."

    I think I'll leave it there and look forward to the next one in the series.

    • RK

      Robert K.

      25 6 2018 11:25

      4       2

      Don't see a problem here. It is a statistical artifact. Women are generally more agreeable then men (testosterone etc.).
      Even if most men and women overlap on average the distribution of men reaches far out to the extreme so the statement that most evil persons are men is pretty much a fact.

  • RK

    Robert K.

    25 6 2018 09:50

    3       1

    Very pragmatic view on Russia and the fact we in the west have missed an opportunity after the fall of the USSR. I have many fights in my circles defending this view.
    The "too much freedom is bad" :| view is a bit scary - I guess you have to comply with the comrades at this level of wealth or you end up in jail - cannot fight with Winnie the Pooh.

    • DR

      David R.

      5 7 2018 20:34

      0       0

      Donald Trump appears to be fighting Winnie the Pooh - and winning!! Just look at the respective currency and stock markets!

  • BM

    Beth M.

    25 6 2018 00:54

    1       3

    And Kyle Bass, in a current tweet echos the concerns of many...I will take his view over Ronnie Chan's thoughts any day of the week and twice on Sunday...hey, it is Sunday...that's Kyle! ...https://twitter.com/Jkylebass/status/1010543729072058368

    Fantastic reporting from @paulmozur on how the Chinese STEAL from US companies. US to impose new Chinese investment restrictions this week.

    Paul Mozur

    @paulmozur
    This is how you lose a major tech company. First, a Beijing-backed buyout offer. Then friendly Chinese partnership proposals. Then the tech gets stolen. Then when you file a complaint in court, you get hit with investigations in China, your biggest market. https://www.nytimes.com/2018/06/22/technology/china-micron-chips-theft.html …

    • BM

      Beth M.

      25 6 2018 12:31

      3       0

      I love what Kyle Bass..."China is a "State actor" and America is a "Free Market Economy" and those two things are not congruent." https://www.zerohedge.com/news/2018-06-24/trump-drops-new-bomb-trade-war-plans-restrict-china-investment-us-firms And it's because Communism doesn't work in a free market based economic system...it's that easy to understand. The sooner investors (and the general populace) wake up to this fact the better off we will be to address it.

    • JC

      James C.

      28 6 2018 03:37

      2       0

      Great guy, just don't listen to his trade ideas.

    • DR

      David R.

      5 7 2018 20:37

      0       0

      Yeah, Kyle Bass is one hella loser when it comes to trading and investing. For a decade straight, loss loss loss loss loss loss loss. He'd be bankrupt if not for his high fees on his terrible funds. Wonder how he's doing with his million dollars of nickels that are worthless now, lol, he couldn't even use them to pay his parking ticket. But he is useful as a contrarian indicator - best to bet on the other side of him!...lol

  • eh

    edward h.

    25 6 2018 00:04

    3       4

    Wow what a interview. Have to watch it again

  • MA

    Melanie A.

    24 6 2018 23:51

    2       4

    One of my favourites - thank you!

  • EL

    Erik L.

    24 6 2018 19:45

    1       4

    Brilliant!

  • SH

    Steve H.

    24 6 2018 17:42

    1       4

    Great stuff.

  • XS

    Xin S.

    24 6 2018 17:16

    5       2

    Has spent time to run the background check of Ronnie Chan, who is a US Citizen and HK Citizen. His family owns the premium properties across China. Of course, you know his interest lands. I am sure when he is China, he will presents himself as a Chinese Citizen because his status in HK. He openly accused of the independence movement in HK. He is a typical politician with his own agenda.

    • DR

      David R.

      5 7 2018 20:39

      0       0

      Free Tibet! Free Hong Kong!!! When China flies apart and break up, Hong Kong will be free and prosperous again. But not today. Thus the mass exodus by its youth.

    • DR

      David R.

      5 7 2018 20:41

      0       0

      Hong Kong MUST be divided and separated again from China. Anyone opposing so is an enemy of freedom and humanity and will eventually be introduced to Mr Guillotine.

  • AG

    Abhimanyu G.

    24 6 2018 14:28

    3       0

    Definitely not one of my favourites, but I’m grateful nonetheless to RV for the opportunity to listen to a unique & highly connected individual in Asia. Looking forward to the rest of this series from Kiril.

  • LW

    Lukas W.

    24 6 2018 13:19

    3       2

    Thank you Raoul for the opportunity to get to see such an interview. Kiril´s Series delivers.

  • PG

    Petter G.

    24 6 2018 10:12

    25       3

    Read through the comments and can see a lot of scepticism towards Ronnie Chan due to possible ties to the Chinese government. Even if he is under control of the communist party, how often do you get to hear an interview of someone in his position? You don't have to agree with him but seeing the other side of the table is alway very interesting. I loved the interview and I can't wait to see the who Kiril is bringing on next. Thanks RV.

    • HS

      Hendrik S.

      24 6 2018 13:09

      10       4

      If you think Ronnie’s (and his family’s) fortune was made picking strawberies in lalaland, be my guest. Its not about agreeing with him, but its about seeing through the sharade. He is an ineresting crook, says smart things, but with his own agenda. Many people lost a lot of money because of Ronnie turning am eye at enron. Many people lost their lives in his SARS appartements because of Ronnie optimizing profits. Many citizens of HK are over paying because Ronnie’s company is deliberately restraining new supply.

    • KS

      Kathleen S.

      28 6 2018 23:08

      3       1

      Hendrik S. you hit the nail on the head. Listening to the is pompous blow hard who inherited his money basically say that the "little people" have to much freedom is disgusting. And saying that that the internet is dangerous because a 12 year old has access to porn is ridiculous. I think the reason why this rich guys (who inherited their wealth and are insiders) hate the internet so much is because it exposes their lies.

    • ZY

      Zheng Y.

      29 6 2018 16:19

      0       0

      mentally, he is sick, so simple. :)

  • PC

    Peter C.

    24 6 2018 07:28

    4       1

    Great & different perspective & insight from Ronnie.

  • JN

    Jill N.

    24 6 2018 07:22

    3       2

    Simply superb, such insight & wisdom shared

  • DL

    Darryn L.

    24 6 2018 07:04

    6       2

    Really interesting and well put together. Reading some comments here, I’d just like to say you don’t have to agree with the point of view, hearing the reasoning is the interesting part.

  • KS

    Karen S.

    24 6 2018 06:14

    2       0

    good intro music.

  • JH

    Jesse H.

    24 6 2018 05:20

    2       2

    Completely agree with John D. This has to be one of my favourite pieces in the past year. Insightful, wise, far-reaching and yet focused. Kiril is superb. Thank you.

  • jd

    john d.

    24 6 2018 03:37

    1       0

    Excellent work all round, thanks RV. Interviewee/ interviewer, subject matter, etc. Great stuff and, once again, reminds me of why I have been here since the start (and will continue to be). Cheers John.

  • DS

    David S.

    24 6 2018 01:59

    0       0

    I would like to ask Mr. Sokoloff, Mr. Chan and/or anyone else if US tariffs are just a surrogate for a border tax? A border tax would not pass Congress, but the president can establish tariffs without Congressional approval. Are these tariffs about negotiating for fairer trade or mostly for revenue? DLS

  • HH

    HODL H.

    24 6 2018 01:50

    6       0

    Again I’ll reiterate, this is a must read article about Ronnie Chan having negative press taken down from Forbes because it painted him in a bad light

    https://www.asiasentinel.com/politics/forbes-magazine-dumps-article-ronnie-chan/

    James Mann of the Los Angeles Times commented on Facebook on July 6, “I was asked to speak in Hong Kong a few years ago, and Ronnie Chan vetoed my appearance. The only surprise to me here is that the Asia Society in NY, which professes a belief in liberal values, should allow this sort of thing to happen again and again and again. I guess they must need his money desperately.”

    Renee Chiang, the wife of publisher Bao Pu, commented on Facebook that, “I can also confirm being turned down by Asia Society Hong Kong when the Zhao Ziyang book (Prisoner of the State) was published in 2009. Meanwhile, Asia Society in New York hosted a panel talk about the book, at which Orville Schell admitted getting a phone call from Chinese authorities voicing their disapproval, yet they did what they should do: they ignored the threat and held the talk anyway. In Hong Kong, no such call is needed, as they appear to have in-house censors.”

    Studwell noted that “the HK government gave Ronnie a very valuable piece of public property (the old arsenal), which he was then allowed to refurbish… and operate as a sort [of] quasi private members club. But the whole thing, surely, only worked because the Asia Society in the United States of America let him use its brand to get his hands on the plac

  • CC

    Charles C.

    23 6 2018 22:53

    3       2

    what an interesting interview. it's a pity we don't all see the world through such a lens, where wisdom, humility and compassion replace simple knowledge, pride and vanity. more
    please

  • JL

    Jim L.

    23 6 2018 22:48

    2       1

    To echo some other comments, and meaning no offense to the original RV interviewers, but getting true experts to interview on topics they have devoted their life to and understand deeply is the way to go

  • JL

    Jim L.

    23 6 2018 22:45

    3       2

    Long time 13D reader. Love anything Kiril does. A great thinker and excellent to get access to another great mind

    • BM

      Beth M.

      24 6 2018 02:13

      1       8

      A feeble response...

    • JL

      Jim L.

      25 6 2018 07:07

      1       1

      Tell us what you really think Beth.
      VALUE... ADD

    • BM

      Beth M.

      25 6 2018 12:13

      3       2

      what I really think Jim...is that you are completely misguided...take a look at the post I made regarding Kyle Bass made regarding China...Ronnie's remarks are self serving...stop kidding yourself a d wake up.

    • JL

      Jim L.

      26 6 2018 09:17

      1       0

      Beth. I'll put this simply so you get it.. you are a pest. A troll. Scurry back into whatever hole you came out of. Most of us have much better things to do with our time that listen to bitter nothings

  • PW

    Phil W.

    23 6 2018 22:20

    1       0

    This is the type of interview, way back when, I signed for RV. Oh so long ago! I need the macro view of things to steer me towards my trading ideas!!!!

  • BM

    Beth M.

    23 6 2018 21:44

    6       8

    His opinion on America stealing intellectual property is rubish! China is the biggest offender of all time. On top of it China acts as if it is not a problem. China's deliema is that they are a communist dictatorship trying their hand a capitalism. That's when they get to a massive conundrum...ulitimately you can't control a worldwide free market economy as a communist entity. And from another angle...the central bankers are finding this out daily...and it will, unfortunately lead to worldwide ruin, upheaval and a horrifying global reset. And China is finding out that you can't manipulate your currency and keep your own national market...it simply will not work...I wonder why?...because they are following Karl Marx. I found this part of the conversation void of the obvious.

    • JL

      Jim L.

      23 6 2018 22:44

      11       3

      He said they did in history, as did everyone. He is spot on. Stop falling into a political trap. Study history.

    • CM

      Christopher M.

      25 6 2018 21:31

      1       0

      http://foreignpolicy.com/2012/12/06/we-were-pirates-too/

      I will leave this here.

      China doing to US as US did to Britain. We have gotten over it, we have been humble enough to ride on your coat tails.

  • XS

    Xin S.

    23 6 2018 18:23

    5       0

    The interviewee typically get 10% negative feedback. Ronnie got more than 10%. Suspicious feeling is overweight. RealVisionTV could put up the number of views for each interview. we could see the silent public's true thinking.

  • DB

    Douglas B.

    23 6 2018 17:22

    4       0

    David S., most people don’t understand what the concept of socialism is. This is a term that has been misused intentionally as a propaganda tool for decades.

    • DS

      David S.

      23 6 2018 19:38

      4       1

      Thanks for helping me to reconsider my definition of socialism. Our apperception of words like capitalism, socialism, communism, liberalism, etc. makes mutual understanding very difficult. Mr. Sokoloff mentioned Plato’s circle that shows Plato’s five regimes: aristocracy, timocracy, oligarchy, democracy and tyranny. Capitalism should not be a form of government. “Capitalism is an economic system based upon private ownership of the means of production and their operation for profit” (Wikipedia). I like this definition of capitalism as it does not muddy the water by making capitalism a form of government. Socialism for me, and probably only me, was a government providing for the common good – defense, roads and bridges - as defined and limited by each regime. Upon reflection, I will no longer use the word socialism for my meaning, but just “government”. In the United States capitalism is the driving engine of our economy. We the people through representation need to define the role and extent of government while encouraging capitalism that is essential to fund it. It is always a question of balance. DLS

  • SS

    Sam S.

    23 6 2018 15:07

    1       0

    Warren Buffet of Asia! Don't count people out.

  • SD

    Sebastien D.

    23 6 2018 15:00

    8       7

    Felt very political and not much about finance... 1h with a real estate ticoon but just got that we must sell high and buy low. I did not feel super excited by the content. Thanks for bringing original content anyway, hope the next ones will have original and interesting finance related discussions.

    • CC

      Christopher C.

      23 6 2018 20:01

      3       0

      I expect that those that attempt to divorce finance from politics would have similar luck, in the final studied analysis of attempting to disambiguate chickens from eggs. I too used to hold your opinion up to myself as certain truth.

  • SS

    Sam S.

    23 6 2018 14:18

    8       4

    OMG! Mr. Chan really laid out the human perspective and human condition, which I used to hear from my father, but that most people thought my father was nuts (so to speak). This is real MACRO vision. He open's our eyes to the truth behind Chinese motivation, and the foolishness of tribal instincts used in negative ways. I really would have liked to hear Mr. Chan's views on immigration to Europe from all the Middle East including Africa. Talk about tribal infiltration and the destruction of bloodlines. Really can't wait for the next segment. Mr. Pal, Mr. Sokoloff-----top rated first class!!!

    • PW

      Phil W.

      23 6 2018 21:32

      2       3

      Yes indeed Sam, that is what missing on the little blue planet we all live on! In the next 10 to 20 years China will be #1 so to speak not because they want to be! but because they had no choice but to be! America is lacking in so many ways, it's hard to see any different out come

  • DP

    David P.

    23 6 2018 13:56

    1       1

    Outstanding interview. In addition to money making opportunities, RV has an excellent opportunity to remind, or keep at the forefront, humanity and morality to its viewership. That would be a worthwhile goal, in my opinion.

  • RP

    Ron P.

    23 6 2018 11:04

    1       9

    Good as far as it goes.
    Pity that Grant Williams didn't conduct the interview.

    • DS

      David S.

      23 6 2018 19:47

      5       3

      Mr. Sokoloff did an excellent job of the interview and I am looking forward to more interviews with Mr. Sokoloff. I am sure that Grant would agree and applaud this interview. Grant cannot be everywhere. I really like the way RV is going out to get A+ interviewers with connections to broaden the scope of ideas and increase the quality of interviewees. DLS

  • SR

    Steve R.

    23 6 2018 10:45

    5       1

    I love watching these interviews where the human side of the world is explored, as I find myself agreeing with so much of what Ronnie was brilliantly articulating. Great interview.

  • gb

    gabriel b.

    23 6 2018 10:31

    11       1

    Kiril was one of my favorite interviews on real vision so I am very excited to have a video series where he is involved. With that said, it would be great for him to be more a part of the conversation in future pieces. It felt like he just said “right” or nodded to everything that was said instead of pushing back on anything.

    Speaking of which, I am an American who has no problem hearing critical assessments of my country but a lot of points were made that really can’t/shouldn’t be taken at face value and that’s why more of a dialogue would have been better.

    China has been very active projecting strength around the region for their own benefit. When ronnie talks about “helping” other countries with excess capacity for infrastructure it glosses over the playbook they are running capturing resources from countries that are too poor or technologically adept to do it themselves. The US does this all the time too so I’m not niaeve about it, but allowing him to paint China in such a saintly light there without digging a little deeper seems like a mistake to me.

    I still gave this a thumbs up because Kiril is such a brilliant guy and I want to see his style of interviewing evolve as the series goes on. There is nothing wrong with being a bit differential to your guest but I expect real dialogue from real vision especially when the interviewee is only presenting one side of an argument.

  • B

    Bob .

    23 6 2018 08:12

    3       2

    I enjoyed Kiril's skillful interview style. I look forward to further interviews.

    Somewhere down the road I would like to see Raoul interview Kiril.

    Thanks.

    • PD

      Pat D.

      23 6 2018 11:03

      3       0

      Here's Raoul's interview with Kiril
      https://www.realvision.com/rv/television/videos/114600eabf0b45c294a9f4ff03896094

  • .

         
    • rm

      russell m.

      23 6 2018 06:54

      2       0

      Maybe we find out what time Milton clocks in on saturday tech support.

    • JH

      Jakub H.

      23 6 2018 10:11

      1       0

      Perhaps pointless advise, but did you try complete restart? I've had the same issue in the morning after my laptop downloaded couple of system updates overnight. All is working fine after the restart

  • JS

    John S.

    23 6 2018 06:39

    3       2

    Very enjoyable discussion

  • GO

    Gary O.

    23 6 2018 06:27

    4       2

    Great interview. The Chinese are the next "number one" although they will never say it.

  • RD

    Ryan D.

    23 6 2018 04:33

    3       1

    I wasn’t looking forward to this talk, and they didn’t get into the nitty-gritty of finance as much as I would like...but this was a pleasant conversation between two wise, insightful people and I feel as if I am better off for watching it.

  • MW

    Marco W.

    23 6 2018 03:34

    1       2

    An enlightening conversation between two wise men. Although I have different opinions for two points mentioned ... In any case, very good series. Looking forward to the next ...

  • WH

    W H.

    23 6 2018 02:45

    4       24

    Mostly propaganda. I’m done with RV.

    • WH

      W H.

      23 6 2018 02:46

      1       4

      How do I cancel? No such option in the account menus.

    • GO

      Gary O.

      23 6 2018 06:27

      12       1

      Bye.

    • JS

      John S.

      23 6 2018 06:38

      20       2

      Farewell - CNBC awaits you

    • SS

      Sam S.

      23 6 2018 15:05

      2       1

      Cancel but donate your subscription to someone with an open mind who desires to improve and get better.

    • DS

      David S.

      23 6 2018 19:53

      3       0

      A wise man keeps his own counsel, but listens to many points of view. DLS

    • WH

      W H.

      23 6 2018 22:57

      3       1

      Propaganda offers little "point of view". It is just intentional noise to distract and confuse. I am open to listening and relistening to all points of view as a matter of process. But being able to weed out the voices and sources that offer negative returns in the form of such noise is essential.

    • M.

      Milton ..

      24 6 2018 08:31

      2       0

      Hey WH, Milton here

      I propose we move this over to our private channel si can see what lessons are there to be learnt. We're here to listen to your indepth feedback! Thanks!

  • RR

    Rex R.

    23 6 2018 02:13

    20       0

    Nice Interview-- I liked the interviewee and the content. However, one presumes it is not lost on anyone -- that Ronnie Chan is a covert propogandist for the PRC. --- Of course-- as a wealthy Chinese-- he has little choice -- as he knows that the potential controllers of his family's wealth in Bejeing-- are watching. And as he states himself -- we are all directed by self-interest. Ronnie is of course erudite and apparently well reasoned. But-- he suggests that the USA adopt the PRC as a co-equal power as a proper form of diplomacy -- at least. However, contradictorily-- he does not suggest that the USA treat Russia as a co-equal power-- just for instance.

    • HH

      HODL H.

      24 6 2018 01:36

      0       0

      Thank u read story below Mr Chan had removed from Forbes online

  • PC

    Philip C.

    23 6 2018 00:19

    8       2

    I enojoyed the interview and happy to give it a thumbs up, but... Kiril's interviewing technique seemed to be nothing more than saying, "What do you think about..." followed by, "Right. Right. Right. Right." An interviewer's job is to push back and challenge the interviewee and to draw out the reasons and explanations behind their thinking.

  • RM

    Robert M.

    23 6 2018 00:16

    9       1

    Total nonsense that China would ever have been happy at number 2. According to Ronnie it only changed because they have been slapped too many times! Well it didn't take much did it. A few slaps on the way to extraordinary growth facilitated by US funded global order. Meanwhile in any case they constantly talk about taking their rightful place as the world's number one nation!
    They have been very aggressive in recent years - from harassing the Japanese, Philippines and Vietnamese on the oceans, invading foreign territory in the South China Sea, infiltrating Australian politics (and others), to hacking every bit of IP in sight etc etc.

  • LT

    Lucas T.

    23 6 2018 00:12

    15       3

    I really wanted to like this...but I cannot see anything to take away from this conversation. This is what I got:

    -Two old guys talk about the foolishness of youth and human nature in general...okay old guy complainy wisdom, that's fine.
    -They say very little that is controversial, basically going around the world and making such comments like "They made a mistake there," or "Perhaps they can work together in the end," and "People are different and like different systems and things."
    -America has lost its way, doing foolish things, not enlightened, but it is really great that they are electing all those women there...somehow they never realize that they say these two things so close together. Oops.

    I would have loved to hear about like...real estate! Doesn't this guy do real estate now and then? I think I heard that. Oh yeah, it says Asset class: Real Estate.

    The Putin explanation was alright.

    Also, can we add subtitles?

  • FC

    Fractal C.

    22 6 2018 23:56

    4       10

    Just an insanely good material. Raoul and team, I hope you are reading this feedback: A. Amazing production quality. Can you guys do an episode where you highlight the background of how your team makes these amazing production come together? B. Ronnie Chan is an amazing guy who has lost of money but has an incredible moral compass. How did I not know about this guy until this interview happened? C. Kiril - just wow. Kiril has the wisest questions and the quietest tone - almost therapeutic to be very honest. Wow.

  • MB

    Matthew B.

    22 6 2018 22:50

    5       0

    It's great that he's talking about morality but what about the huge moral hazard embarked on by bailing out the financial institutions and subsequent QE/printing money. This seems to have removed 'morality' from economics altogether.

    • MB

      Matthew B.

      22 6 2018 23:12

      2       2

      Also - Wise words about China being number 2 - Trump take heed. The Chinese don't think the same way as Westerners. This kind of wisdom is ancient, based in Taoism, codified in the i Ching. Trump wouldn't have a clue what to make of it.

  • NH

    Neil H.

    22 6 2018 22:42

    5       7

    Simply a brilliant conversation. This video alone is worth the cost of real vision.

  • Av

    Ad v.

    22 6 2018 22:14

    9       1

    I find the picture he sketches of leninist China as a friendly neighbour who just wants to cooperate as a bit weird.

    • DB

      Douglas B.

      23 6 2018 17:16

      6       1

      Because it’s propaganda

  • DH

    Damian H.

    22 6 2018 21:28

    10       1

    These are the kind of conversations that make you think deeply about things that go far beyond the topics discussed. Truly valuable.

  • CM

    C M.

    22 6 2018 20:48

    5       1

    Based on the shared comments, listened to the interview with an understanding of Ronnie's bias. But interesting to here a Chinese billionaire's take on China.

  • DS

    David S.

    22 6 2018 20:32

    5       1

    Excellent interview. Mr. Chan can understand multiple points of view and see the possibilities. I learned a lot. Love the artwork. Looking forward to Mr. Sokoloff's next interview. DLS

  • cw

    cc w.

    22 6 2018 20:08

    12       4

    My experience is most people who are able to make $ under China rule is somehow connected with the "party". They and I assume this guy Ronnie Chan is simply an extension of the party's outreach program through finance and investment. Let's hope RV TV isn't being misused as another China propaganda channel. China (or I should say the Party) is known to use resources to establish outreach in the US to promote party's idea propaganda.

  • HH

    HODL H.

    22 6 2018 19:39

    9       3

    If you dont want to waste your time listening to "self-enlightened" talk, here are the Cliff notes. Also read the article below.

    Less freedom for citizens and more government control is better. The US thinks its system is the best, but could probably use some improvement (seemed to imply less freedom).

    The US is overbearing and needs to accept China's rise. China's current IP and tech theft is no different from the histories of the current world powers....so it is ok for China to do the same thing.

    Best we can hope for is Saudi Arabia, Egypt, Israel should probably work together to help counter Iran

    Obama made huge mistakes in Middle East and he basically welcomed Russia back to the Middle East. Events of the last couple years have moved so fast it worries RC.

    OBOR
    Kiril sees it as one of the greatest political visions he has ever seen. Ronnie thinks people are reading too much into it. Short Term, China has too much overcapacity and is trying to get rid of it on the smaller countries. China has the overcapacity they need. China also needs friends politically in the UN to counter US on human rights issues... Longer term, it makes sense from a food and energy security perspective. Politically, China also needs friends. Human rights discussion follows around 51:00

  • HH

    HODL H.

    22 6 2018 18:54

    16       4

    READ THIS ARTICLE. HE HAD IT TAKEN DOWN FROM FORBES.
    https://www.asiasentinel.com/politics/forbes-magazine-dumps-article-ronnie-chan/
    The Asia Society recently barred a student democracy activist, Joshua Wong, from speaking at a Hong Kong literary event. It caused a wave of critical online comments and reporting on the Asia Society, and its influential billionaire donor Ronnie Chan. Chan is Co-Chair of the Asia Society in New York, and Chair of its Hong Kong Center, which has been likened to Chan’s private club.

    Chan is known for his anti-democratic views, involvement in foreign policy think tanks, and extensive investments in mainland China. Those investments, as well as his investments in Hong Kong, give him an incentive to ingratiate himself with mainland authorities by promoting China’s foreign policies. Those authorities, after all, have the power to make or break Chan’s business. The issue is broader than Asia Society, though, as Chan and his family are major donors at influential institutions in the US, including Harvard University and the University of Southern California (USC).

    Orville Schell of the Asia Society, and Susan Shirk, on the Board of Scholars at the Chan-affiliated USC US-China Institute among other roles, co-chaired an influential study of US-China Relations in February. Had Hillary Clinton won the US presidency, some in the Schell-Shirk task force, such as Shirk herself and Kurt Campbell of the Asia Group, would have been poised to seek influential positions in US government. The focus of Chan’s attentions on institutions that are politically influential on US-China relations raises the question as to whether China is seeking to use Chan, a dual US-Hong Kong citizen, to influence US foreign policy on China.

    While the Hong Kong office of the Asia Society released a statement that said the decision to bar the democracy activist was “an error in judgment at the staff level”, several individuals with whom I communicated suspected Ronnie Chan’s influence to be behind the decision. That influence may or may not have been explicit. When a major funder shows a general preference against a class of people, for example democracy and freedom of speech advocates, then staff who counter that preference do so at the peril of their own organisation and jobs.

    “Sounds like someone will take a bullet for Ronnie (that is, after all, what he pays them for),” said Joe Studwell, author of How Asia Works and The China Dream. “Ronnie will retain all powers and be left to figure out new ways to avoid any ‘controversy’ at Asia Society HK [Hong Kong]. I’d go for a pure, unspoken focus on ‘cultural’ issues, just like Beijing would want. No contemporary sociology, politics, economics, etc. More oracle bones and Ming vases.”

    That prediction would be consistent with recent trends at Asia Society Hong Kong against politically controversial figures stretching back to at least 2009. At least four persons who support democracy and freedom of speech, in addition to Joshua Wong, may have been barred from the Hong Kong chapter of the Asia Society, including Martin Lee, Evans Chan, James Mann, and Renee Chiang.

    Martin Lee is the founding Chair of the Democratic Party in Hong Kong. He was arrested during the 2014 democracy protest. According to one source, he has never been invited by the Asia Society in Hong Kong to an event.

    Evans Chan filmed a documentary on the 2014 democracy movement in Hong Kong. He said that, “last October, Asia Society cancelled a screening of my film, Raise the Umbrellas, for an ‘unbalanced’ post-screening discussion with Martin [Lee] & Benny Tai.” The New York Times covered the cancellation without apology from the Asia Society, which indicates that the action was probably noted by its leadership without change in policy, since Asia Society Hong Kong repeated itself with Joshua Wong and in at least one other case.

    James Mann of the Los Angeles Times commented on Facebook on July 6, “I was asked to speak in Hong Kong a few years ago, and Ronnie Chan vetoed my appearance. The only surprise to me here is that the Asia Society in NY, which professes a belief in liberal values, should allow this sort of thing to happen again and again and again. I guess they must need his money desperately.”

    Renee Chiang, the wife of publisher Bao Pu, commented on Facebook that, “I can also confirm being turned down by Asia Society Hong Kong when the Zhao Ziyang book (Prisoner of the State) was published in 2009. Meanwhile, Asia Society in New York hosted a panel talk about the book, at which Orville Schell admitted getting a phone call from Chinese authorities voicing their disapproval, yet they did what they should do: they ignored the threat and held the talk anyway. In Hong Kong, no such call is needed, as they appear to have in-house censors.”

    Studwell noted that “the HK government gave Ronnie a very valuable piece of public property (the old arsenal), which he was then allowed to refurbish… and operate as a sort [of] quasi private members club. But the whole thing, surely, only worked because the Asia Society in the United States of America let him use its brand to get his hands on the place.”

    The question is then whether the Asia Society headquarters in New York, including its Co-Chair and 66 trustees, are complicit in what appears by its repeated programming decisions in Hong Kong, to be amplification of Chinese government propaganda. What do the Asia Society Co-Chair and trustees, some of whom do business in China, get out of the deal? Is the Chinese government seeking to use Chan to politically influence these trustees and others? Are the trustees seeking access or favors from Chan in China? Chan and staff of the Asia Society Hong Kong office did not reply to requests for comment.

    • HH

      HODL H.

      22 6 2018 18:58

      10       2

      Chan has connections, sometimes very weighty ones, at Harvard University in Cambridge Massachusetts, the University of Southern California in Los Angeles, the Peterson Institute for International Economics in Washington D.C., the World Economic Forum in Switzerland, the East-West Centre in Hawaii, and the Council on Foreign Relations in New York and Washington D.C. These connections are facilitated by donations or the hope of donations, according to a source. The Chan family, through its Morningside Foundation, donated $350 million to Harvard University. This is the largest ever single donation to Harvard.

      The latest Asia Society controversy has “renewed questions about the influence that China, and people with deep business interests in China, hold over universities, nongovernmental organisations and other groups that rely on wealthy donors,” wrote Austin Ramzy at The New York Times. Ramzy noted that Ronnie Chan was an “outspoken supporter of Leung Chun-Ying, the pro-Beijing former chief executive [of Hong Kong] who was a target of the 2014 protests.”

      Studwell said, “Doesn’t the Asia Society just show the problems of having corporate-led NGOs anywhere in the world? As an organisation it has totally failed to set up a governance system that could deliver freedom of speech. I don’t blame a Ronnie Chan-run Asia Society (HK) for that as his behaviour is entirely predictable based a) on his track record of kowtowing to all Establishments and b) on his vested interests in having a large mainland property portfolio. I personally think that the corporate US interests behind the Asia Society have more to answer for, though not much more because, as I said, corporate-led NGOs don’t work when push comes to political shove.”

      Chan’s influence and connections, fueled by profits dependent on the Chinese government, could be used to promote China’s foreign policy interests among elites in the US And the elitism that Chan promotes is consistent with what elites in China think. Victor Shih said, “many in the elite stratum of China, even the younger generation, believe that most people in China, except for the elite, are incapable of making sound political decisions.” With President Trump’s election, that anti-democratic message could resonate among elite Democrats and Republicans alike, whose establishment political connections, for example through the Clinton and Bush families, were ruptured by Donald Trump’s election.

      “Ronnie Chan is one of a small number of Hong Kong tycoons who are US-educated or had extensive US experience,” said Edith Terry, former opinion editor at the South China Morning Post in Hong Kong. “The most prominent members besides Ronnie are Tung Chee-hwa and Victor Fung. They regularly hold senior public roles in Hong Kong and most are also members of the Hong Kong delegation.” The CPPCC is a mainland Chinese government body.

      Terry said, “The question of influence, however, is a subtle one. They represent a highly privileged class in Hong Kong that has huge vested interest in stability, a continuation of the status quo, not changing it. I believe that for this group, the game is more about keeping senior US policy makers and institutions engaged with the Hong Kong question. There is of course some exertion of soft power both ways. In this case, I would say the tycoons and the multinational elite here talk off the same page. Free speech only goes so far when talk of independence invites intervention by Beijing.

      You could say they are all practical billionaires. Whatever their personal feelings are about free speech and Ronnie is notorious for speaking whatever is on his mind, and can be blunt to the point of rudeness in public before large audiences. They know that talk of independence is toxic and are convinced that the only way to stop it is to criminalise it by introducing a national security law, which would be in accordance with the Basic Law and is long overdue in their view. Ronnie and his cohort are extremely sophisticated and understand the usefulness of soft power through back channels and elite institutions. They are very good at it, and it is about being in position to deflect or argue points, not broadcasting simple, black and white messages.”

      The perception of undemocratic influence that elites in Hong Kong have on international and domestic politics may be one cause for increasing political instability in Hong Kong. Michael Davis, former professor of law at the University of Hong Kong, said, “in the Hong Kong context this is more than just a free speech issue. I have long felt that the radicalisation of Hong Kong politics is due in no small part to the perception that the Hong Kong government and the pro-establishment business elites do not make much effort to represent the core concerns of Hong Kong people to the Central government and more generally. It seems to be a culture where they regularly lecture Hong Kong on Beijing’s requirements.

      So if a prominent organization such as the Asia Society is thought to be leading the charge as Beijing’s mouthpiece in Hong Kong then that is a serious problem and contributes to the sense of futility among our young –not the sort of community service you would expect from such an organisation. Does the society have any mechanism at all to review its policies and practices?”

      Studwell thinks that the Asia Society in New York should ask Chan to decrease his influence over programming in Hong Kong. Studwell writes, “I lay responsibility for all of this at the door of the Asia Society in the United States. If the Asia Society believes in free expression and debate, it should very politely, and gratefully given all the money, offer Ronnie two choices: 1. Ronnie steps down, and allows the Asia Society to put in place a governance structure that means that the Asia Society HK operates according to a clearly stated set of principles. Given the government ownership of the premises, I don’t think the HK operation can or should be run from the US. What is needed is a local system that operates according to transparent rules, preferably with an elected board. 2. The Asia Society removes its imprimatur and its moniker, Ronnie picks a new name (Asian Values Society(TM)?), and does things his way.”

      Given Chan’s Co-Chairmanship of the Asia Society in New York, such a decision would likely have to be made by his Co-Chair, Henrietta Fore, along with at least half of the 66 trustees. Fore is former Administrator of US AID, and a member of the boards of Essilor International SA, general Mills, Exxon Mobil Corporation, and Theravance Biopharma Inc. The trustees include such personages as Ambassador John Negroponte, currently a Senior Fellow at Yale University, talk show host Charlie Rose, former Australian prime minister Kevin Rudd, and Stephen Schwarzman, CEO of Blackstone Group. Blackstone does extensive business in China, and has $368 billion in Assets Under Management. Chan may not be the only one seeking favor in Beijing.

      These and other trustees should take action per Studwell’s advice, or risk their own reputations. The Asia Society, democracy, and free speech will be the better for it, though the trustees’ commercial access in China could suffer. That, like Asia Society’s decision to bar Joshua Wong, is a judgment call.

      https://www.forbes.com/sites/anderscorr/2017/07/10/chinese-influence-at-the-asia-society-elitism-and-radicalisation-in-hong-kong/#69700cf53910

    • DS

      David S.

      22 6 2018 20:14

      6       6

      In the interview Mr. Chan expressed his opinion that too many freedoms can unbalance a society. He also stated that a representative democracy may be fine for the US, but maybe not for the whole world. Mr. Chan should not be attacked for funding his beliefs which are not radical by Chinese standards. Eventually Hong Kong will be integrated into China with the same laws. DLS

    • DR

      David R.

      22 6 2018 20:20

      5       1

      When the economy next turns down hard, likely within 1-3 years max, it will trigger revolution as pent up anger and frustration are unleashed to overthrow the system and take vengeance against those deemed responsible for today's obscene wealth inequality - most likely targeting the "rich", who have failed to learn the lessons of history - the rich won't just lose their wealth but will also probably lose their lives when things heat up. Millennials everywhere, the largest generation in history, are ripe to completely overturn the status quo and replace it with an entirely new order and paradigm. For example, 80% of US millennials want to abolish capitalism and replace it with socialism. They also support more authoritarianism and state monitoring of individuals. It's going to happen!

    • DR

      David R.

      22 6 2018 20:30

      5       2

      Millennials in Hong Kong are as frustrated and angry as in the US. And it's growing. The corruption there in government and real estate are sickening, and the younger generation want to smash it. For now that's impossible with the PRC, but that shall change as social upheaval in China is as near as the next major economic collapse there already on the horizon. China is the biggest ponzi scheme in human history and all hell will break loose eventually. Some like a certain interviewee above seem to be positioned like some rich pre-revolution Nationalists who never lived to see 1950 (others escaped to Formosa with nothing but the clothes on their back).

    • DR

      David R.

      22 6 2018 20:37

      4       0

      Think the fourth turning. This is it. As real it gets. Prepare or be run over.

    • DS

      David S.

      22 6 2018 20:47

      3       1

      David R. - I doubt most millennial have any idea what socialism is, much less will take the time to attend the revolution. It will be very interesting to see how they pan out, just like all generations of humans before them. DLS

    • DR

      David R.

      23 6 2018 18:41

      2       0

      David S, valid points. US millennials will indeed probably change just like the boomers before them. Millennials in East Asia however are VERY different than Western millennials. I'll bet that Asia will totally dominate the coming decades.

    • DS

      David S.

      26 6 2018 20:38

      1       0

      I agree that China along with other Asian countries will be the strongest economic and military powers within my lifetime - and I am already old. They have long-term politicians long-term planning trying to make a stable economy for business. I still believe that Hong Kong will be integrated into China. DLS

  • AR

    Abishek R.

    22 6 2018 18:26

    3       3

    Just brilliant.
    Raul's introduction, Kiril's inquisition and Ronnie's insights.BTW, Where is Grant Williams?

    • GO

      Gary O.

      23 6 2018 06:29

      1       0

      On vacation!

  • NI

    Nate I.

    22 6 2018 17:49

    29       1

    The comment about too much freedom was completely mind boggling. Never in all known history has humanity had more laws, rules, regulations, restrictions, licenses, policies, borders, etc. and the controls are growing exponentially. Congressman Ron Paul once commented that 40,000 new laws were "put on the books" on the first day of 2012. Regardless of whether or not you like Ron Paul, that number is likely understated and it should bother everyone. Humans live in a framework that is diametrically opposed to our ancestral past. It's literally killing us. Another law, rule or policy is the answer to every problem. The average US citizen commits something like two or three felonies per day without even knowing it and the surveillance state is getting wildly aggressive to monitor every movement, record every transaction and identify all infractions. Former FBI Director Comey even opined that our thoughts should be monitored and I would add that the technology is just around the corner to make it possible. It's an insane one-way road that we better think carefully before traveling. People in aggregate have never been so unhappy and with good reason. Suicide is now the 10th leading cause of death in the US and growing (up 2% in the last decade alone). While correlation isn't causation, the current limits on freedom combined with the determination to destroy any that remains and control every aspect of our lives is certainly on the short list as people see a very, very dim [Orwellian] future.

    • PU

      Peter U.

      22 6 2018 18:15

      5       0

      Powerful comments

    • HH

      HODL H.

      22 6 2018 18:49

      3       1

      great comment. Read this...pushes his own agenda
      https://www.asiasentinel.com/politics/forbes-magazine-dumps-article-ronnie-chan/

    • DS

      David S.

      22 6 2018 19:55

      2       1

      There is no doubt that we have too many laws! This results from of a lack of respect. Individuals want to maximize their freedoms while controlling the freedoms of others. The more selfish the society the more laws. DLS

    • PC

      Philip C.

      22 6 2018 23:27

      1       0

      As Montaigne said (Essays, Book 3, Chapter 8)
      Once we had too many crimes; now we have too many laws.

  • CT

    Christopher T.

    22 6 2018 16:40

    2       1

    amazing!

  • JC

    JAMES C.

    22 6 2018 15:42

    6       1

    Very thought provoking. I have many similar observations, and suspicions, however this video has greatly assisted me in threading them together on a human need level. Great work RVT.

  • TP

    Tay P.

    22 6 2018 14:08

    6       1

    Love the part where he mentioned that humanity being smart are not really wise.
    Great interview

    • RL

      Rui L.

      22 6 2018 19:25

      1       0

      Your comment reminded me of a quote (if I'm correct) by E. O. Wilson. "The real problem of humanity? We have Paleolithic emotions; medieval institutions; & godlike technology.".

  • RM

    Richard M.

    22 6 2018 13:57

    10       2

    Wow, what a fantastic interview. Mr. Sokoloff and Mr. Chan have such great insight into the human condition which is totally outside of the financial realm, but which is inevitably necessary to really understand the best way to approach your own financial life (and your own personal life as well). It was refreshing to hear the great wisdom from the ages talked about with respect again as it has been denigrated for so many decades now (I am talking about the references to Plato and Confucius (Mr Chan did not specifically say Confucianism but his references to being brought up to respect your elders, to have integrity, to have a social values based life reflects Confucianistic thought).

    Just a great, great interview. With Kiril and the James Grant interview series you are really giving the "original" great interviewer a real run for his money (yes Grant Williams, I am looking at you )!

    I look forward to more Kiril interviews with much anticipation!

  • RG

    Roberta G.

    22 6 2018 13:51

    4       1

    Keeps your friends close, and your enemies closer! Great interview.

  • KJ

    Kulbir J.

    22 6 2018 13:44

    11       2

    Amazing. I always find it hard to believe that Kiril is deaf. What a great interviewer!

    I can't wait to see more interviews like this.

  • TS

    Tyler S.

    22 6 2018 13:08

    6       14

    I cant even listen to this anymore.

    • HS

      Hendrik S.

      22 6 2018 13:50

      22       4

      You are probably right. Ronnie Chan isn t what he seems in this interview. Ronnie was a board member of enron, sat on enron finance committee, helped nurture SARS in HK through bad hygiëne in one of his buildings, a China ass kissers etc etc. Arguing about importance of limits to freedom which limits obviously would not apply to him. So your poster (trust fund) child for everything thats wrong in this world. Lets shove the guy on that stinking pile of vanity, greed and corruption together with Juncker, Hillary Clinton, George Soros and you name it.

    • ST

      Simon T.

      22 6 2018 17:03

      0       0

      Why?

    • PU

      Peter U.

      22 6 2018 18:13

      2       0

      Hendrik S. . . . . . wow! great intel. I was fooled!

    • XS

      Xin S.

      23 6 2018 18:20

      2       0

      Ronnie looks very suspicious to me as his interest closely tied to the success of current Chinese political power. one interesting point he is trying to point out is China is happy to be the second. Really? for how long? I am happy to be the second this year. How knows next year? It is fine for me to take him in the interview But we want to know how Mr. Chan is!

  • PN

    Philip N.

    22 6 2018 13:04

    3       0

    I didn't agree with some of Mr. Chan's points but a did really enjoy the interview. It seems like RV went through a period where the quality fell off but several recent interviews have been outstanding.

  • GP

    Gero P.

    22 6 2018 12:47

    4       0

    I wonder why NASA and others don’t want to work with the Chinese. Intellectual property theft maybe? Good morning Sir

  • HS

    Hendrik S.

    22 6 2018 12:38

    20       2

    Power, money and institutions also corrupt women. Hillary Clinton, Irma Grese, queen Mary I etc are all real killers (and proud of it). As for corruption please look no further than Christine Lagarde, Elizabeth Holmes etc. Only thing holding the ladies back is risk aversion, but real power women in high places truly act like men. So maybe emancipation is a detwrmining factor. Otherwise, lots of wisdom in this interview. Looking forward to more interviews from Kiril.

    • IH

      Iain H.

      22 6 2018 14:15

      15       0

      I come from NZ, we have had two women Prime Ministers, currently have a third, each of the two prior women Prime Ministers turned out to be as politically cynical as the men, unfortunately.

    • DS

      David S.

      22 6 2018 20:26

      1       0

      More gender balance in positions of power is a good goal. Women, however, are still human and need to be held accountable like men. DLS

  • DF

    Dominic F.

    22 6 2018 12:34

    4       2

    Apart from geo-politics and economics, which is fascinating subject matter, these two men are very empathetic to the human race. Bravo!

  • SG

    Sophie G.

    22 6 2018 11:14

    11       2

    Very insightful from Mr Chan and enjoyable. Mr Sokoloff bringing direction and asking great questions, allowing the answers to develop in a very easy going style. First class RV..

  • SC

    Scott C.

    22 6 2018 10:49

    21       34

    35:00 Oh yeah, I can't wait for more women to be in power so they can vote themselves more welfare, more quotas to bring about the socialist equality of outcome they seek and repeal the presumption of innocence so that a man may have his life ruined on the basis of an unproved accusation. Oh wait, we're almost half way there, might as well keep going.

    • PU

      Peter U.

      22 6 2018 12:19

      1       14

      well you have revealed yourself to be the only thumbs down on this. shame shame shame

    • SC

      Scott C.

      22 6 2018 14:20

      5       1

      Nope, I gave the video a thumbs up. Overall an enjoyable watch.

    • PU

      Peter U.

      22 6 2018 14:32

      5       0

      I retract my comments with an apology offerred

    • NI

      Nate I.

      22 6 2018 20:44

      4       5

      I don't know about all that, but it's irrefutable that women have hurt their own cause by playing the harassment card. Many small employers won't hire women because they don't also want to retain a top notch law firm and spend a fortune on stacking affirmative defenses at the same time. Very sad that a minority has done so much damage to the majority and even more shameful that courts and juries have gone along with the pathetic charade.

  • B

    Bojo .

    22 6 2018 10:45

    6       3

    Thank you very much, this was deep. Especially in today’s wold of instant gratification, it is inspiring to listen to older wise men who combine integrity and practical efficiency. I loved the emphasis on philosophy and morals.

    Also, in a linear world, some kind of calamity seems almost guaranteed. But according to consciousness research (Dr. David Hawkins), we need only 5 percent of people who are more enlightened, as Ronnie says, to come to a higher consciousness level as humanity. It will be either some kind of spiritual evolution (non-linear) or calamity. Or probably, first the latter, then the former.

    • DB

      Douglas B.

      22 6 2018 20:40

      9       4

      Not much wisdom coming from these two authoritarian oligarchs espousing the idea that people should have less freedom. How arrogant. Especially to say that old philosophers have wisdom but modern philosophers do not. By them making this statement they are saying that they have the ability to discern wisdom, which would imply that they are wise but others are not. Would love to watch Nassim Taleb verbally dismantle these arrogant men.

      Wealthy oligarchs are above the law and believe us plebs need more laws so we have no power to affect their privileged lives.

  • PB

    Pieter B.

    22 6 2018 10:37

    6       3

    Brilliant!

    • PB

      Pieter B.

      22 6 2018 10:47

      7       2

      Thanks a lot for the fascinating conversation Kiril & Ronnie!

  • LK

    Lyle K.

    22 6 2018 10:19

    5       2

    Great interview