The Ancient Silk Road was known to be the stuff of legends, inspiring many of our ancestors back in those days enthralled by adventure and mystery. The famous Venetian merchant Marco Polo recorded his journey across Asia through this ancient travel and trade route, which for centuries, have allowed merchants, traders, travellers, missionaries and diplomats … More Playing China’s ‘One Belt, One Road’!
The first half of 2017 is over, and my book remained almost unchanged from the end of 1Q 2017 to the end of June. I maintain my defensive stance, risking one-third of my usual sizing for any new positions and also gunning for lowly-correlated positions in terms of price structure as well as fundamental logic. … More 2nd Quarter 2017 Review & Strategy for 2H 2017
In April this year, local US media reported that the Kentucky Coal Museum is opting for solar power usage, in what may go down as an ironic and perhaps iconic twist in the history of fossil fuels and the global energy industry. 80 or so solar panels are to be installed, with the expectation of … More Time to bet against coal?
Anthony Bolton is one of Britain’s most well-known investors. He has managed money professionally for close to 3 decades at asset management firm Fidelity Investments. And during those many years at the helm of the Fidelity Special Situations Fund, he has achieved an average annualised return of 20%! Bolton shared his wealth of experience in … More Anthony Bolton’s Insights On Investing
While it was a decent 3 months for both broad equity and bond markets, all my trades did not work out as expected and I cut all my initial positions that were initiated in January. Additionally, a couple of my positions that were USD-denominated also saw valuations affected by the slight weakening of the Dollar against … More Review of 1st Quarter 2017 & Portfolio Update
In the Mediterranean in May 1954, warships of the Royal Navy gave a 21-gun salute to Britain’s new monarch, Queen Elizabeth II, who was on-board the private vessel, the Royal Yacht Britannia, returning from a global tour of Britain’s realm. The ceremony was glorious, and was a demonstration of naval power reminiscent of the origins … More The End of Pax Americana?
2016’s been accepted as a watershed year: a year where we saw a rise in populism in the West. There’s been countless articles and commentaries written on this rather (un)eventful year, so I shall not add to the existing pile. As global macro investors, we are well aware that developments in the political realm can lead to changes … More Investing in an age of populism…