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After a hectic start to the year filled with meetings, calls, and more discussions than my vocal cords signed up for, my voice will be taking a short break over the next couple of days. In the same spirit, this blog will be taking a brief pause as well. Not due to a lack of…

I adopted healthier eating habits as a natural evolution of my meditation practice. Transcendental Meditation or TM has been a powerful teacher in my life, gradually changing the way I see myself, how I relate to others, and how I experience the world around me. I should add that many years ago, I was very…

While others are distracted by political noise or the latest geopolitical narratives, our investment process stays focused on a simpler question: what works and what does not. Sustainable long-term performance is rarely comfortable. It requires sacrifice, discipline, and a repeatable process not consensus or reassurance. Patience is the real edge. I know, I know. Volatile…

I recently met up with a long-term client who has since become a business partner. From where he is based in Singapore, the economy where I’m based appears healthy. Well, GDP growth looks strong and the local currency has firmed up against the US dollar. On the surface, the numbers seem to support that view….

Just earlier today, a well-mannered Grab driver picked up some documents from me for delivery to a partner. He looked tired, probably had been on the road the entire day but he was polite, focused, and professional. As he drove off, it brought back a memory from more than 30 years ago. While waiting for…

Markets were jolted late after news broke that the US Department of Justice had served grand jury subpoenas to the Federal Reserve over renovations at its headquarters. Jerome Powell responded with a terse statement, rejecting the allegations outright and calling them a “pretext” rooted in dissatisfaction with the Fed’s interest-rate policy. Markets did not wait…

Why are we always looking for a dollar crash? From time to time, the same prediction resurfaces: the US dollar is about to collapse. Sometimes it is because of debt. Sometimes deficits. Sometimes geopolitics. Occasionally, astrology. Sometimes, the forecast escalates quickly from a weaker dollar to the collapse of America itself. Lately, a number of…

This framework emerged during a recent conversation with a new partner, one of those discussions that begins with portfolio construction and quietly drifts into philosophy, usually without anyone quite noticing when the transition happens. It struck me that investors tend to fall into two broad camps: the physicist and the biologist. The physicist believes markets…

Well, setting New Year’s resolutions is like signing up for a gym membership in January. It is a bold move but sticking to it can feel like an Olympic sport. The trick is not just about starting strong, it is about staying persistent and flexible enough to adapt when life throws curveballs. So why not…

Trading has a way of reminding us politely at first, then aggressively that experience is not a force field. Even highly seasoned professionals get humbled. If trading were easy, everyone would be retired by now, preferably somewhere warm, arguing about which year they almost nailed the top. I came across the following comment from a…