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E The Illusion Of Trade Optimism
Trade deal optimism is not a sound fundamental driver of the recent rally. The performance of stocks exposed to China confirms that the effect of trade news has been rather weak.
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E Is The Trade Deal The Real Deal?
One of the peculiarities of the recent stock market rally is that the media and many investors have been perpetrating a confused idea of what’s driving the rally.
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E Ctrip Is A Market Leader In A High-Growth Sector
Ctrip.com is the leading player in the Chinese online travel industry. Ctrip's shares have posted a significant contraction in the past months and offer a good buy-on-the-dip opportunity for a long-term position.
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Comments

Latest Comments
The Illusion Of Trade Optimism
1 year ago

Hi Gary, thanks for taking the time to read it and for the kind words.

The Illusion Of Trade Optimism
1 year ago

Thanks a lot for the comment, Alpha Stockman.

Ctrip Is A Market Leader In A High-Growth Sector
2 years ago

Yes exactly, I try to limit the risk as I can. The certification idea makes a lot of sense. I wonder how much the costs of implementing it would be.

In this article: CTRP
Ctrip Is A Market Leader In A High-Growth Sector
2 years ago

Thanks for the comment, Zev. You raised a good point. The risk of fraudulent accounting can be significant with some names. I don't know of any ways to ensure that statements are accurate. I tend to limit risks as much as I can. Besides the usual due diligence and the analysis of earnings quality, in general, I think it's important to analyze the business from a qualitative perspective and compare it with other other companies with are familiar with and that we consider "less shady". Analyzing the business' qualitative characteristics properly and ensuring that what's written in the financial statements makes sense has helped me a lot in the past. I also avoid smaller names, as they tend to carry an even higher level of risk from this perspective.

In this article: CTRP
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