Archive - Midnight Merchant

Desmond How: Buying is easy. Shorting takes real guts.

The Gembridge founder on surviving Lehman 2008, the Chinese property cycle, the coming credit crunch – and how he’s building a hedge fund around it.

Sep 3 • Midnight Media

June 2026

Welcome to The Midnight Merchant

Taking the long view on all things business.

Jun 28 • Midnight Media

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts