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 »
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 »
Turkish Lira under attack! Turkey detained an American Pastor and that’s what annoyed the Trump administration which promptly applied sanctions to Turkey. Due to relatively high level of dollar denominated debt, Turkish Lira was having a panic selling earlier in the week. Together with ultra-high inflation, economic growth slow down and various political issues with… Read More »