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How I Benchmark My Portfolio, Not the Golf Course Way
Comparing my return to a friend's was always the wrong measurement. I built two benchmarks of my own instead, and this year one of them said something I…
Jul 26
•
Philip Reschke
15
2
8
Two Years, No Pay Cheque: The Portfolio I Built to Live Off
Built so that sitting still is the rational move, not the brave one, and still waiting for the year that proves it.
Jul 18
•
Philip Reschke
61
23
23
I Own Two Roads Out of China: Geely, BYD, and One Unproven Margin
I own Geely and BYD on the same unproven thesis. H1 2026 moved the volume abroad, but neither company will say whether the margin followed.
Jul 11
•
Philip Reschke
14
2
8
Cohong Lane's Top Reads: Q2 of 2026
The seven pieces you read, shared, and argued with most between April and June, and a good place to start if you have just arrived.
Jul 4
•
Philip Reschke
6
4
June 2026
I Own the Wrong Index, Not the Wrong Businesses
Five of my seven index exposures are up this year. The two that are down are both in Hong Kong. Here is how I tell a sell-off in the vehicle from a…
Jun 27
•
Philip Reschke
7
1
2
Beijing Wrote the Self-Driving Rulebook. I Own Six Ways to Get Paid
The market is calling this a lidar mandate. It is not, and the difference decides which of my holdings actually get paid when the rule turns into 2027…
Jun 20
•
Philip Reschke
7
2
5
China Speed: Why I Pay to Own the World's Toughest Gym
Tencent turned a pavement queue into shipped software in seven weeks. BYD paid half its cash flow to train in the same gym. The gym builds champions…
Jun 13
•
Philip Reschke
18
9
6
Beijing Built a Copy of Hong Kong. I Went to See It.
Beijing is running Hong Kong's operating system on reclaimed Shenzhen mud. The strange part of the bet: the better the copy works, the more the original…
Jun 6
•
Philip Reschke
15
6
6
May 2026
Why I Own China's State Banks as Bonds, Not Stocks
Four lines in my income book, bought for a politically mandated coupon rather than capital gains, plus the single signal that would make me sell out.
May 30
•
Philip Reschke
23
5
9
I'm Earning 6 per cent Yield to Own China's AI Infrastructure
Three Chinese state telcos. AI infrastructure inside a Five-Year Plan chapter. And one filing from 2009 that tells me when to worry.
May 23
•
Philip Reschke
13
4
9
I Rebuilt the Institutional Desk for $32. The Discipline Cost More.
The research half is solved. The half that holds orders through a sell-off — and buys when nothing on the tape rewards it — is not.
May 16
•
Philip Reschke
9
2
8
How I Align My China Portfolio with the 15th Five-Year Plan
The Five-Year Plan is Beijing's operating manual. I will not own a Chinese company unless I can see it in the chapters. Here is what that screen looks…
May 9
•
Philip Reschke
23
2
15
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