Posted by: Michael Zhuang on: April 27, 2010
[Guest post by Mike Piper] Conventional investing wisdom states that the risk of holding stocks decreases as the length of the holding period increases. But is that true? The answer depends primarily upon how you define “risk.” Decreasing Risk Over Time If you define risk as “chance of losing money,” then yes, stocks have historically [...]
Posted by: Michael Zhuang on: April 22, 2010
China has 1.3 billion people. In the last two decades, it is the source of seemingly limitless supplies of cheap labor to the world’s manufacturing industries. Believe it or not, this pool is about to run dry. When that happens, there will be huge implications for the world. Even before my trip to China, I [...]
Posted by: Michael Zhuang on: April 15, 2010
[Guest post by Tom Warburton] Last week a buddy walked into my office distressed over unemployment, the economic malaise, gold prices, the prospect of inflation, government debt, currency fluctuations, trade imbalance and future prospects for the stock market. He basically covered the waterfront of issues we see on the front page of financial magazines and [...]
Posted by: Michael Zhuang on: April 1, 2010
What a difference eighteen years have made. Eighteen years ago, I was awarded a scholarship to study mathematics in the U.S. The China I left behind was very different from the China of today: Then there was no private ownership of automobiles; now China boasts the world’s largest car market. Then there was no private [...]