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Advising investors not to believe in active investment strategies

Some of the fees charged by local investment advisors, such as local accountants, seem more than hefty. Particularly when investments are in equities. Often there is a fixed fee of around $300 per month or $3600 per year. There is also often a trailing fee of 1% of the value of the portfolio. Thus […]

Policy proposal on North Korea

The best deal offered so far in the ongoing conflict with North Korea comes from China. It is: Abandon your nukes and we will offer you protection. This gives the North what it wants, namely, protection from externally-imposed regime change. The North’s nuclear capacities are primarily defensive.Moreover, the policy is credible since China does want […]