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Tong's Portfolio
A tech war will be the end for this bull market
(May 27): Investors should probably brace for a protracted impasse on trade talks between the US and China. After the latest round of tariff hikes by both countries, China appears to have hardened its stance, with state media ramping up nationalistic rhet
May 27, 2019
Tong's Portfolio
Global Portfolio outperforms MSCI index and has positive absolute returns
SINGAPORE (May 20): The tide appears to have shifted once again for global stock markets. After fanning hopes of an imminent breakthrough on a trade deal for months, US President Donald Trump escalated tensions with a trademark tweet a couple of weekends
May 20, 2019
Investing strategies
The stock market is a market for stocks
(May 6): We know that the world’s stock markets are correlated and move in lockstep, especially during periods of heightened volatility and uncertainties. For instance, if the US market suffers a massive selloff overnight, you can almost be certain that
May 06, 2019
Investing strategies
Tech companies, network effect, universal apps: Where the future and the past are different, yet similar
SINGAPORE (Apr 29): A significant portion of the value we have seen created in technology has been credited to the network effect (or positive feedback loop) associated with digital platforms. Think Facebook, Apple, Amazon.com, Google (owned by Alphabet),
April 29, 2019
Investing in late-cycle earnings growth
SINGAPORE (Feb 25): Positive news flow on the ongoing US-China trade talks continued to buoy sentiment for global stocks over the past week. Following reported progress after days of negotiations in Beijing, further discussions have resumed in the US. Cle
February 22, 2019