Before we start, due to various definitions of FANG stocks everywhere, we define them as Facebook, Amazon, Netflix and Google (Alphabet). Since we entered the information age, wealth was created not mostly from physical goods or natural resources. Wealth comes more and more from digital resources. That was the reason why “American garages” were the… Read More »
Peter Lynch used to say, if you are not thoughtful, diversification will soon become “diworsefication”. Indeed, the term diversification is frequently mentioned in various finance articles, books and speeches, however, the concept is often misunderstood. A lot of people think diversification as buying a lot of different things at once. Nothing can be further from… Read More »
In our recent post named “About that trade tariff – (And another example of MSM’s bias coverage)”, we pulled data from World Trade Organization (not some economist from Goldman Sachs or Harvard), where data shows strong discrepancies of import tariffs applied to various categories of products between China and US (Below is an screenshot on… Read More »
In the Forbidden City, there is a large writing on one of the palaces saying “无为” – in English, it means “Inaction” or “Do nothing”, if we have a direct translation. This message was from Taoism to the emperors, meaning sometimes you don’t do anything is better than doing something. The people and society will… Read More »
In 2001, China joined WTO. Its GDP back then was a little over $1 trillion USD according to World Bank. And it was really a developing country with very poor quality of life for its citizens. Today in 2018, Chinese GDP is approximately $12 trillion USD, 12 times from its GDP in 2001, a stunning… Read More »