Where Is FatBoy ?
Well, after 6 times in Taipeh, it’s time to state good bye. Check in at the air-travel counter was and effective fast. Taipei Taoyuan INTERNATIONAL AIRPORT 1 is the old terminal and its own a little airport with just a few duty free shops. As boarding is at 3pm, so I proceeded to go up to the lounge for some refreshments. However the location is bad, as one must take the lift up one level up and it’s a significant walk to the lounge. MAS uses China Airline Lounge for its passengers, therefore does a few other airlines. The lounge is fairly big, so one can simply find a corner to rest.
This is China Airline lounge, so and in addition, it is Chinese language food here mainly. I love the noodles bar, where noodles are cooked to order. Magazines are available for reading but mainly in Chinese. And undoubtedly, there is always a PC in virtually any airport business class lounge. Its not a bad lounge, food is okay but limited in choice. But sitting inside here having free refreshments continues to be better than having to fork out your own money for an overpriced coffee outside.
If you are a long-term value investor and do not have to answer to market metrics for a while, you are lucky. You can then take market views into your valuation by using what you think is a much better long-term estimation of the equity risk premium. If you are a CFO …