Singapore's Andy Chua Wins Right to Dine with Warren Buffett

A certain Mr Andy Chua from Singapore has won the bid to dine with Mr Warren Buffett.  Mr Chua together with seven other guests will get to dine with the world's 3rd richest man in Manhattan for lunch at Smith & Wollensky.  At the restaurant, a typical mains costs only around US$70.  His single bid of S$2.71 million is not the highest bid in history.  The auction proceeds will benefit a San Francisco charity (Glide Foundation) that provides meals, etc to the poor and homeless.

Little is known about Andy Chua who has said that he was not interested in interviews right now.  

So who is this mystery man Andy Chua?

I did a quick google and came across a few people named Andy Chua.  

Out of all the people, it seems that there is this Director, Head Asia Pacific Financial Advisory Centre at Merrill Lynch that seems like a possible fit (though I can't confirm for sure).   

There is also a Mr Andy Chua who was at a Montblanc event: 

http://www.iconsingapore.com/jan11/social/index.php?choose=social

Not sure whether these two are the same person or different people altogether.  Also not certain whether any of them was the one who won the bid to dine with Mr Buffett.

In any case, congratulations to Mr Andy Chua (whoever he is).  Hopefully, he will share details about the lunch with the media soon.

Update 10 Jun 2014:

It has been revealed by CNA that the winner is the owner of YunNam and not the said Andy Chua mentioned above.

Jeff Gundlach on Japan, Apple and Bubbles

Jeffrey Gundlach, the new "bond king", shares with Reuters some wealth strategies and gives his take on Japan, Apple and bubbles.

Jeffrey Gundach's Picks and Outlook

Jeffrey Gundlach is co-founder of DoubleLine Capital LP and also its chief executive.  He correctly predicted the subprime mortgage disaster and is one of the world's leading bond fund manager.  In fact, he is sitting on cash because he sees bleak times ahead.  He is favoring protection over growth in the next 1-2 years.  He believes the opportunity for sitting on cash is much larger than if you were to be invested for growth now.

Regarding the European Union, he sees a possible break-up and does not think that the Euro is going to work.  The question boils down to Germany being able to forgo the gains that it had obtained from the single currency.

He recommends buying hard assets like gemstones, art, commercial real estate.  DoubleLine has also been buying the stocks of Chinese companies, U.S. natural gas producers and gold-mining firms.  It is funny that he is now into equities given that he operates bond funds.