Quarterly Commentary: S&P and Dow Jones Industrial had a strong quarter in Q3 2018, despite noises from trade frictions to Supreme Court Justice confirmations, from NAFTA negotiations to Turkey currency movements, from Robert Muller investigation to Fed rates hiking We still believe that the equities in major indices are richly priced, however that’s not to… Read More »
And that’s OK. This is exactly what the tariff should result to (at least part of the intention). The tariff episode is really a mean to an end to get to the final objective when countries will lower or eliminate the tariff all together. However, given the disparity of development in different nations, the “grand”… Read More »
In the past week, almost all major news outlets are publishing their “10 year” series: 10 years since the collapse of Lehman Brothers, 10 years since the past financial crisis etc. It was probably nice to write those events into history textbooks and read about them once in a while. However, I have to remind… Read More »
Recently I read about an interesting experiment from the book “Thinking, Fast and Slow”. It is about the way our brain works and how to utilize more of your System 2 and constantly checking against the usual intuitions and stereotypes created by System 1. (System 1 is the part of the brain that is giving… Read More »
This site is typically about investments and things in economy. However, I have one and only one other personal hobby, which is in-line with his pursuit of craftsmanship in investing, – long distance running. As it is not a weekly or monthly event for me to run a full marathon race, please bear with me… Read More »