4 months ago, I wrote about “The beginning of the end for Facebook” (here). In the past week, Facebook had its biggest drop since the company went public and lost approximately 20% of the company valuation one day. That among of market value is larger than 400 companies in S&P 500 index. Just pause here… Read More »
In the past, BRK has a rule that whenever price of BRK falls below 1.2 times book value, Mr. Warren Buffett can use company’s cash to buy back BRK shares. Recently, this rule was removed. The share was traded around 1.4 times book value then. Immediate reaction from the market was very positive, the share… Read More »
Trade: tariffs are always a mean to the end and it should never be the end Despite various headlines lately on tariffs, and for a while, it seems that US is “picking a fight” with the rest of the world (or at least with the countries that are running a trade surplus against US), such… Read More »
Shanghai Stock Exchange Composite index ended the week at 2,747.23 on July 6, 2018, this is approximately a 22.82% decline from the recent high of 3,559.47 achieved on Jan 24, 2018. By the commonly agreed definition, it is already in a bear market, and the very first major economy whose stock market entered into a… Read More »