"For those properly prepared, a bear market in stocks is not a calamity, but an opportunity."
“My sense is that Beijing’s current “dual priorities” in managing the economy – stabilizing growth and mitigating risks – are key factors. While both priorities are certainly crucial from the top leadership’s point of view, for technocrats and civil servants, “growth” is macro and abstract, while “risks” are localised and visible.”
“A lack of volatility plants the seeds for future volatility. It’s a natural tendency of what markets do, and is completely inevitable.”
“Everyone will fail in investing, and you’ll also have successes, but you need to keep rinsing and repeating your process in order to get long-term results.”
"For those properly prepared, a bear market in stocks is not a calamity, but an opportunity."
“My sense is that Beijing’s current “dual priorities” in managing the economy – stabilizing growth and mitigating risks – are key factors. While both priorities are certainly crucial from the top leadership’s point of view, for technocrats and civil servants, “growth” is macro and abstract, while “risks” are localised and visible.”
“A lack of volatility plants the seeds for future volatility. It’s a natural tendency of what markets do, and is completely inevitable.”
“Everyone will fail in investing, and you’ll also have successes, but you need to keep rinsing and repeating your process in order to get long-term results.”