Author: YH Wong

A couple of years ago, I put on a pair trade for a “sophisticated” client. One side was the anchor – multi-strategy and income, built for ballast. The other was the satellite – more aggressive positions in AI and China, built for growth. The aggressive side hit a rough patch and suffered losses. That was…

I’m not the most active person on LinkedIn, more of a quiet observer who scrolls now and then. I do make new connections occasionally (selectively, of course). At the risk of upsetting some people, LinkedIn can sometimes feel like a stage where many are more interested in “showing off” than sharing real insights or adding…

Pranayama, an ancient practice rooted in the Vedas and detailed in Patanjali’s Yoga Sutra, a foundational Hindu scripture from around 200 B.C., involves breathing exercises designed to clear physical and emotional blockages, freeing the breath and allowing the flow of prana, or life energy. Typically, Pranayama is practiced before meditation to prepare the mind and…

For anyone who missed it, Leopold Aschenbrenner’s fund, Situational Awareness, reportedly peaked at close to USD45 billion before losing roughly 67% in July. The trade was essentially long AI infrastructure, short parts of software, and reportedly running at close to four times leverage. It worked spectacularly well until it did not. Then the longs cracked,…

After a short break meeting friends, partners and interesting people along the way, I’m finally back at my desk. Well just in time for the markets to remind us that they never take holidays. Technology stocks have suffered a sharp correction and at the same time, geopolitical tensions have continued to intensify, adding another layer…

My latest piece on the technology sector without all the technical jargon or complicated charts has just been published in The Armchair Trader newsletter. I was connected to the publication through a long-time friend and partner, which is how this little collaboration came about. Established in 2010, The Armchair Trader is a UK-based financial publication…

Transcendental Meditation (TM) is often described as a simple, natural, and effortless technique, yet its effects are profound. To help convey the essence of TM and make its principles more accessible, a variety of analogies are commonly used. These analogies draw on everyday experiences and familiar concepts, allowing us to better understand how TM works…

I will be away over the next one week or so meeting a few people, so the blog will be taking a short break. That said, I know myself well enough. If I find a quiet moment in an airport lounge, on a train, or somewhere in transit, I will probably end up writing something…

Most people in this business only talk about their winners. I have been doing this for 30 years. I have had losses. Real ones and well, the kind that cost money and time. Most people in this industry bury those stories. Nobody builds a personal brand on the trade that did not work. Here is…

I periodically recycle old posts on my blog to ensure that new clients can benefit from valuable content they may have missed and this post is one such example. I recently asked my capable partner to pull together some data on our global clients, and the results tell an interesting story about age and wealth….