Markets

“The good news is that the Italians make the pasta and the Swiss make the watches. But if we stop world trade and the Swiss have to make their own pasta and the Italians have to make their own watches, the world will probably... maybe arguably, people in both countries will be a little worse off.” - Howard Marks [1]

Deriving an accurate discount rate is a fool's errand. Value sits with the beholder of cash in his pockets, who are you to say otherwise?

If we play our cards well today, Singapore’s equities market might have a fighting chance.

SIA ends an interesting chapter of its history with redemption of its last remaining MCBs.

No one calls fraud when things are smooth sailing and the pie is large enough to be shared. It just takes one bad egg, one wilful misstep.

I love Shenzhen. I like its wide city roads that are peppered with electric taxis. There are virtually so many electric cars on the...

It only takes one bad month, one wrongly sized bad trade.

When the world surprises the hell out of you and leaves you at the mercy of cash flows, anything and everything goes.

Embracing policy is a choice for investors offshore but a necessity for firms operating in China.

The market economy is now to a good extent, influenced by statecraft, driven by the common interests of various governments.