Discipline 紀律 by Charles Cheng, CFA     Investors can be successful in all sorts of styles, whether that’s short term, long term, quantitative, event driven, or fundamental. Even mixtures of these investment styles can work, as di […]

Election Noise 選舉噪音 by Charles Cheng, CFA     Another four years has past and we’re on the eve of another closely watched US Presidential election that will likely have significant effects on the rest of the world. Market updates, […]

Change is Certain 改變是肯定的 by Charles Cheng, CFA     Our focus on the US market continues, given the outsized role US equities have in world benchmarks, and that US policy has on the rest of the world. Amid the coronavirus pandemic, […]

Interesting Times 有趣的時代 by Charles Cheng, CFA     During the global COVID-19 pandemic, investors may be second guessing their own actions in a time when market prices and sentiment swing dramatically from day to day. Whether one i […]

What is the Market Signaling? 市場帶來了什麼信號？ by Charles Cheng, CFA   From the market peak on Feb 19th to March 23rd, the benchmark US S&P 500 Index fell over 33%. It then subsequently rebounded over 24% over the subsequent month, retra […]

Re-orienting after the Crash 市場崩潰後的重新定向 by Charles Cheng, CFA   Unprecedented. That is one way to describe the March meltdown in US and global financial markets. Not even in Great Depression or global financial crisis has a bear market […]

Investing through the Outbreak 疫情中的投資 by Charles Cheng, CFA     The COVID-19 coronavirus outbreak has inspired fear, severely inhibited daily life, and has resulted in many hospitalizations and tragic deaths, particularly in China […]

Behavioral Finance and the Personal Investor 行為金融學及個人投資者 by Charles Cheng, CFA     It’s been 50 years since Daniel Kahneman and Amos Tversky published Prospect Theory, which is considered the founding theory of behavioral economic […]

Is Stock Picking for Everyone? 選股適合每個人嗎？ by Charles Cheng, CFA     Stock picking is a time-honored investment strategy. Famous investors like Warren Buffett and Peter Lynch made their fortunes almost exclusively through investing […]

Invest Like You Gamble? 像賭博一樣地投資？ by Charles Cheng, CFA     Will the US- China trade war be resolved favorably in the near future? Will the US presidential election next year result in any major changes? What will happen with Brex […]

Back to Basics 回歸基本 by Charles Cheng, CFA   From both an investment point of view and in general, the world is a scary place at the moment. Political risk is high with diplomatic tension between major powers and the potential event ris […]

What is the “best fit” investment strategy 何為“最佳匹配”投資策略 by Charles Cheng, CFA   In previous articles, we’ve emphasized that one of the most important things asset holders can do with their capital is to maintain their exposure to finan […]