Seeking invariants from chaos...

Being "adaptive" with respect to market conditions...

We opportunistically seek value and growth opportunities on the basis of deep fundamental analysis of companies and industries, with a long term view. We are flexible on weightings, industry focus, market capitalization, and even trading strategies, but act only when we have developed high degree of conviction. We employ classic long-short strategies with options to control risks or to harvest additional gains, and we try to be tax efficient.

Our "go anywhere style" is however shaped by the following bias and anchored by the following fundamental understanding and proprietary models of ours about the market:

Focusing on Companies Under Uncertainties

The Uncertainty Principle of Fair Stock Prices and Valuation Bands

Evaluating and Quantifying Risk/Reward and the Margin of Safety

Invest in China Opportunities