We have been writing this newsletter for 25 years now. We are not market forecasters. We don’t try to tell you when to buy or when to sell. We are long-term investors, almost always fully invested. We help clients decide on an appropriate level of risk, stocks versus bonds versus cash, and then we stick […]
China
Forget about success. Try “lying flat.”
There’s a new movement taking hold among China’s 20- and 30-somethings, and it’s absolutely antithetical to the way they grew up. Indoctrinated since birth to believe that hard work and intense drive were the only paths forward, they have been competing fiercely all their lives for top university spots, good jobs, and later, the best […]
A Trip To China…
I recently traveled to China for two weeks both to visit a company we are invested in and also to visit a publisher who has translated into Chinese my father’s book on life as a newspaper reporter in China in the 1930’s (Haldore Hanson, Humane Endeavour, Farrar Rinehart, 1939). No matter how often I visit […]
We Are The New China
Well not exactly but it is looking more like this. For many years China was the engine of the world. It was reassuring to see China growing 10% to 12% per year while we in the developed world were stumbling from one Bubble to another. Now the tables have turned a bit. China is still […]
China: Royal Flush or House of Cards?
The International Comparison Program, a loose coalition of the world’s leading statistical agencies, recently reported that China will become the world’s largest economy this year based on purchasing power parity. PPP measures what money can actually buy. For instance, a hair cut in China is much less expensive than one in the U.S. When you […]
