Top Investor Smashes Peers After Learning to Bet on Horse Races

From bloomberg.com

When top Hong Kong investor Alex Wong scours financial data looking for promising returns, he draws on a long history of judging probabilities. As a pre-teen watching Jockey Club horse races, he learned that it all came down to the pricing. "At first of course you want to win, and you bet for the horse that is most likely to win -- but gradually you would know that’s not the way to play," said Wong, now 48. "You have to find the odds which are more favorable to you.” Finding the valuations that work has panned out well for Wong at Ample Capital Ltd., a small fund-management firm that taps mostly local Hong Kong ... (full story)