Hugh Lam

Yeah, absolutely.

Look, I'm still relatively young, I'd say, if you can tell by my baby face.

But my first investment was back in 2018 to 2019.

It was A2 Milk.

So at the time, I was in my university days and I was doing a double degree in economics and finance.

Everyone was talking about stocks and whatnot, and I thought I had to dip my toes in.

At the time, the Chinese economy was really revving up.

They were growing quite fast.

The consumer was really driving the local economy.

Part of that was infant milk formula, which is what A2 Milk provides.

The share price, I think, really had a strong run throughout my uni days, effectively, so 2016 to 2019.

And I thought, oh, it's a pretty good business.

So Jane, I think she was a CEO at the time, and she was doing some incredible things in the business.

So, you know, fast forward, the stock went really, really well.

And then as we know what happened in COVID, we effectively shut down and the export of infant milk formula to China effectively stopped.

And so the tank just absolutely crashed.

I think I sold out at the peak, actually, not just because I timed it right, but I needed the funds for a holiday in Mexico.

So...

It worked out for me, but A2 Milk was my first investment.

Awesome.