The Investment Scientist

Archive for December 2020

I admit this is not exactly an investment piece. However, if you continue to read, it might yet turn out to be your best investment. Study after study has shown that what determines life satisfaction is not money, but relationships you are able to build with other human beings. Come to think of it, our lives are but tapestries of woven human connections. The stronger the connections, the happier and resilient you are. And what better way to strengthen your most important relationships than gifting meaningful songs during this holiday season. You can get a song custom-made for your loved ones on this website: http://VeryOwnSong.com

Read the rest of this entry »

I started writing the Investment Scientist newsletter in May of 2007, and I think it would be fun to review my old articles. First of all to see if I was right back then, and if I wasn’t completely right, to see what I would write differently with the benefit of hindsight.


In May, 2007, I wrote three articles. In the first one, “The Unbearable Lightness of Chinese Stocks,” I made the statement that there was a huge bubble in the Chinese equity market and investors should stay away. In fact during that time, many (American) clients wanted me to invest in Chinese stocks, so much so that they said the reason they signed up with me was they thought I would help them do that. At the time I wrote it, the Shanghai Stock Exchange Composite (SSEC) just passed 4000, now it stands at 3412. After 15 years, it is still 15% below the level at the time. I lost a few clients for steering their money away from Chinese stocks, but in retrospect, I am glad that I made the right call. 

Read the rest of this entry »

Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

Error: Please make sure the Twitter account is public.

Archives

%d bloggers like this: