Alignment Quality

金融风暴不可怕,可怕的是心灵风暴; 景气不好不必惊慌,怕的是人心不安。 Translated in English, it reads: “The vicissitudes of the capital markets are insignificant compared to the disturbance of one’s soul; there is no need to panic amidst a lacklustre economy but of great concern if one’s mind and heart is not tranquil.” It may take many years of practice to achieve a state […]

Quietly Growing

Lets look at a highly esteemed premium retailer run by an honest 2nd generation family owner which grew from their domestic base (where they are number one) to grow in a much larger neighbouring market (where they are also number one), and went on to grow in a third, much further and much larger market. […]

Reacting vs Responding

A couple of months back, a friend and fellow investor asked if investors should rotate to hoard cash or remain invested/ buy more amidst these volatile conditions? The long answer to that is investors should consider to: Increase funds (new sources), Reduce stakes in relatively high valuations companies, Increase stakes in relatively low valuations companies […]

Role Model

A carry trade investment is one where investors borrow money at a low interest rates to invest in equities to provide a higher return. Such strategies usually work during periods of easy monetary policies when interest rates are expected to be low. After the knee-jerk reactions from the capital markets in February that possibly came […]

My Precious

A service-based company and is another dream come true for value investors – it has a “strong economic moat” in terms of very sticky relationships with its clients, where multi-years deals were often inked in a regulated industry with “high barriers”, it has consistently high profit margins and the management has a “proven track record” with […]