Present Value of the Future

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A Young Allocator’s Checklist of Psychological Biases
Thinking back, some of my worst mistakes in my personal investment journey (and in life, too) typically involved being overwhelmed by psychological or…
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Chan Yong
August 2023
The Evolution of Endowment Approach in Asia
The Japanese government surprised the college endowment industry when it launched the largest college endowment fund in the world with JPY 10 trillion…
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Shinya Deguchi
Family Office, Explained
The Family Office... What an extraordinarily elusive concept. Just google the term and a host of headlines attempting to explain this trend …
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Persis Hoo
2
Farewell, Job Title
We Found HIM! Today, the House of Mulan is welcoming the second gentleman, CHAN Yong (CHAN is his last name and he prefers being called by his full…
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Shinya Deguchi
3
July 2023
Welcome, CHAN Yong!
We are pleased to announce that CHAN Yong (CHAN is his last name) joined our Singapore office as a part of the investment team. He will work closely…
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Shinya Deguchi
1
Summer 2023 Letter
Dear Friends and Families, I trust that your summer is well. Research Activities Update During the 2nd quarter, Star Magnolia Capital’s team was busy…
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Shinya Deguchi
2
You Can Copy Ideas, but Not Convictions
Why Don’t We Copy Ideas? Star Magnolia Capital advises families to manage their portfolios of great investors. Many investors focusing on public markets…
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Shinya Deguchi
2
We Are Experts of Nothing, But Finding Experts
At Star Magnolia Capital, we try to identify 0-4 new managers a year through a multi-year process. If we assume we meet 400 new managers a year, we…
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Shinya Deguchi
February 2023
Star Magnolia Capital in Search of Hua Mulan
***** THIS IS A JOB DESCRIPTION *****
October 2022
Sustainable Philanthropy - Packard
Name: The David and Lucile Packard Foundation Type: Private Foundation Size: $7.8 bn (2019) Year of Establishment: 1964 Description: The David and…
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Shinya Deguchi
Sustainable Philanthropy - Hewlett
Name: Hewlett Foundation Type: Private Charitable Foundation Size: $10.4 bn Year of Establishment: 1966 Description: With $10.4 billion in assets…
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Shinya Deguchi
Sustainable Philanthropy - Church of England
Name: The Church Commissioners for England Type: Perpetual Endowment Size: $11.5 bn (£8.7bn) Year of Establishment: 1948 Description: The Church…
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Shinya Deguchi
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