Buy low and sell high I know it looks easy. However, in reality, it is much harder than it looks. People can be a perfect bargain hunter when it comes to everything in life, except stocks or investment opportunities. I have seen folks looking for the best electronic gadgets deal they can find (“50% off… Read More »
This shouldn’t come as a surprise – Warren and Charlie don’t recognize Bitcoin as an investment medium. This is the modified version of how Charlie phrased at the meeting. The direct quote from Charlie was “trading Bitcoin is like trading turds”. Indeed, the “value” of Bitcoin is solely depending on how much the next buyer… Read More »
Last year this time, we were at Omaha Nebraska participating the Berkshire’s annual investor meeting. This year there was a conflict for me over the same weekend, I had to resort to watching live broadcasting by Yahoo Finance instead, which is not entirely terrible either, considering the lack of hassle in travelling and fighting the… 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 »
How do you invest when we are 8 years into this current cycle? We get this question a lot, from friends and family, from clients, from colleagues and fellow investors. Unfortunately this is such an open-ended question that we have take a careful assessment to have a reliable answer. First of all, does number of… Read More »
Rainy-day fund, as the name suggests, is a fund with money set aside in case of emergency. Since it is for “rainy day” only, not “prolonged pouring month”, such money is not supposed to last for a long period of time. However, a recent article from CNBC showed that “only 39% of Americans have savings… Read More »