Has the shine faded from the Magnificent Seven? The flagship names of the US stock market the so-called Magnificent Seven have stumbled out of the gate this year, with share prices dipping across the board. Collectively, the Bloomberg Magnificent Seven Total Return Index has dropped 16% YTD and is more than 20% below its December…

I was on a video call with some folks from the US. For years, the global trade deal is not perfect but it works. Countries focus on what they are good at, supply chains hum along, and consumers get affordable stuff. Then came President Trump, who decided to rewrite the rules of the game. Half-jokingly,…

Trade wars or not, life goes on. The only difference? There has been a lot more action behind the scenes, think of it as less champagne, more spreadsheets minus the popcorn I will be hitting the road for the next couple of days so my blog might be taking a bit of a nap. Do…

Here is another interesting piece by the esteemed Howard Marks of Oaktree. His articles always make a lot of sense to me. His profound understanding of the economy and financial markets, coupled with his exceptional investment philosophy and approach, is remarkable to me. In this particular article, it is evident that tariffs and the broader…

In 1985, Lee Kuan Yew stood before the US Congress and issued a calm but powerful warning not to bully Japan over trade tariffs. His message was simple yet profound that is choose free trade over protectionism, partnership over pressure, and long-term strategy over short-term politics. Nearly 40 years later, the world still has not…