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Tong's Portfolio

Tong's Portfolio

Investing in cryptos is betting on a greater fool

Warren Buffett has said: “If you…owned all of the Bitcoin in the world and you offered it to me for US$25, I wouldn’t take it."

Tong's Portfolio

Will US dollar hegemony remain 20 years from now?

As a recent example, US fiscal stimulus during the Covid-19 pandemic was a staggering total of US$5 trillion.
US consumers will drive demand with low household debts  - THE EDGE SINGAPORE

Tong's Portfolio

US consumers will drive demand with low household debts

Fact: Globally, economic growth is already slowing under the various strains.
Why Yihai, PSBC and GAC, besides Alibaba, are our top Asian stock picks - THE EDGE SINGAPORE

Tong's Portfolio

Why Yihai, PSBC and GAC, besides Alibaba, are our top Asian stock picks

We think the portfolio will continue to outperform in the short to medium term, despite current volatility.
Revisiting perpetual securities - THE EDGE SINGAPORE

Tong's Portfolio

Revisiting perpetual securities

Clearly, companies in many countries have issued perps, but none more so than in Asia and, in particular, China.
Change in investment strategy as the world moves out of sync - THE EDGE SINGAPORE

Tong's Portfolio

Change in investment strategy as the world moves out of sync

Liquidity and cheap money underpinned a massive global rally in bonds and stocks.
There is a reason for perceived (but untrue) market inefficiencies - THE EDGE SINGAPORE

Tong's Portfolio

There is a reason for perceived (but untrue) market inefficiencies

If we accept that markets are largely efficient, then why does mispricing exist?
Stocks will outperform bonds - THE EDGE SINGAPORE

Tong's Portfolio

Stocks will outperform bonds

The long-term decline in interest rates is, in turn, enabled by falling inflation.
Amazon and CrowdStrike gain from secular growth in cloud migration - THE EDGE SINGAPORE

Tong's Portfolio

Amazon and CrowdStrike gain from secular growth in cloud migration

That said, monetary policies remain very accommodative and liquidity is ample from a long-term historical point of view.
Making profits from sales is about costs and price elasticity of demand - THE EDGE SINGAPORE

Tong's Portfolio

Making profits from sales is about costs and price elasticity of demand

Clearly, the price elasticity of demand depends on the availability of substitutes and alternative suppliers.
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