Covid give me some weird absolute alone time that helped a lot of soul searching.
Chinese Equities are as cheap as some Retailer stocks 3 years ago.
Russia invasion is creating a unique opportunity to buy things cheap. But make sure you are prepared to a must longer war than expected.
Stay Calm and Carry On
Quarterly Commentary: S&P and Dow Jones Industrial continued their new-high-making process in Q2. The Fed halted on their rate-hiking path and may cut rate later in 2019, which is a very dangerous sign. However, lower rates is like cocaine – adding instant pleasure to the drug addicts but making their life entirely depending on it.… Read More »
Now we are very busy analyzing and buying things (lots of good stuff getting closer and closer to be investible everyday) and we are actively screening a lot of opportunities now. (just imagine the “Black Friday” in stock market, not in ebay or amazon). As a result, our usual weekly publication schedule will change to… Read More »
We always avoided the term “trade war” here, because it is not one. Nobody dies because of the tariff, not like in Cold War, at least may spies or people actually died in the conflict between two superpowers then. And in our posts in March, In March again, and in May and August, we always believed… Read More »
Remember happiness is not measured by investment returns. Take some moments to be thankful for a lot of things. Hug your spouse and kid(s)
All the bulls on TV or news media have given up. In our recent quarterly commentary, we talked about the pricey situation with most of the index stocks in US equity markets. And in last week’s weekly post, we believe a correction or mild bear market might have been upon us. However, that’s not what… Read More »
Winter is coming. Because it is already late October. Or because most of the securities in US markets have been richly priced. We are not a market timer and our strategy has always been relatively independent from “the innings of the market cycles”. However, the key principle is always “to use the expected return as… Read More »
Buy low and sell high (or at least not buy high)
Fake news and real facts The past week we may have witnessed a major inflection point in financial markets. However, predict future is a darn hard task and we never imagined we have the high quality crystal ball to do that, so we won’t predict the future. We can examine some facts and some “fake… Read More »