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Top Hong Kong investor learned from betting on horse races

Interview

Top Hong Kong investor learned from betting on horse races

Bloomberg Published on Thu, Jan 05, 2017 / 8:02 AM GMT+8

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HONG KONG (Jan 5): 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.”