It is challenging to stick to contrarian thinking, even when your data suggests you’re doing the right thing.
Regime Shift
2016-11-18, Clement Chiang
A regime shift, in ecology, is defined as an abrupt and significant change in the behaviour and/or structure of a system.
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Able And Willing
2016-06-10, Clement Chiang
With central banks distorting the time value of money through unconventional policies, investors can easily be lulled into lax balance sheet standards.
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A Negative Art
2016-05-06, Clement Chiang
We believe a defensive posture fixated on minimizing risk will equate to a positive real rate of return over a long time horizon.
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Shifting Debt Mentality
2016-01-15, Clement Chiang
We emphasis bottom up fundamental research in our decision making, but it’s important to recognize that businesses and governments do not operate in a vacuum.
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View From The Harbour
2015-09-25, Clement Chiang
Last week we attended the annual Asian-focused CLSA Investor Forums in Hong Kong. It was a whirlwind of presentations, management sessions, and speeches.