by Charles Cheng, CFA     Most investors who are building a portfolio solely for their own account, are doing so on a part time basis rather than part of a full-time job.  They may or may not be experts in financial statement anal […]

by Charles Cheng, CFA     John Maynard Keynes is famous for his contributions to the field of economics, with his ideas providing the foundation for modern macroeconomic policy.  Less known is the fact that he is also one of the notable inv […]

by Charles Cheng, CFA     In the world of investing, where numerous factors contribute to financial success, the concept of liquidity is often overlooked. Yet, its impact on portfolio management and investment decisions can be significant.  […]

by Charles Cheng, CFA   Legendary investor Charlie Munger passed away at the age of 99 in November.  He is best known for his longtime partnership with Warren Buffett in managing Berkshire Hathaway, together having one of the most succ […]

by Charles Cheng, CFA     Previously we have talked about how investors should decide on an investing style suitable for their circumstances and abilities, such as becoming a long-term investor as opposed to a trader and vice vers […]

by Charles Cheng, CFA     Amid a time of political crises, global conflict, and rising commodity prices, it’s easy to forget that now is still a time of incredible innovation and potentially transformative technologies.  The Web 1.0 an […]

by Charles Cheng, CFA     It makes sense that most investors prefer to make the bulk of their investments in their home region given various factors such as ease of access, understanding of local companies and regulations, and not havi […]

by Charles Cheng, CFA     There are so many important components to investing, such as strategy, research, risk management, macroeconomics, and personal psychology that it’s easy to lose sight of the basic details.  Over time, many rou […]

by Charles Cheng, CFA     Inflation in the US continued to fall, hitting a two year low in June of 3% year over year and both equity and fixed income markets reacted positively to the data release.  Going forward, the path of futu […]

by Charles Cheng, CFA     On June 14th, the US Federal Reserve announced a pause in interest rate hikes after a year of continuous increases.  While this would normally be a dovish signal, they also signaled their expectations for addi […]

by Charles Cheng, CFA     For the past few months equity markets have continued to recover from the inflation and rate shock of 2022.  As of May 15th, the MSCI AWCI Index is up 7.8% year to date and the US S&P 500 is up 8.2%.  […]

by Charles Cheng, CFA     In March, the US Federal Reserve continued raising its key interest rate to the 5% level as part of its efforts to contain inflation.  This was the ninth consecutive rate hike from the initial 0.25% level star […]