Headlines & Bottom Line Archive

"SOPHISTICATES" EXPOSED
26 December 2008
Some Presumably Sophisticated Investors Forgot Basic Investment Tenets
TOO LATE TO SELL
26 November 2008
If you can keep your head when all about you are losing theirs…
WHATEVER HAPPENED TO US
23 October 2008
A simplified view of the causes of the recent panic
END OF PHASE I ?
08 October 2008
Shared Pain but Vindication
Putting Things into Perspective
17 July 2008
“Phew”, You Said ?
23 May 2008
The Next Few Years Will Be Hard To Negotiate
Time To Change Bias
21 February 2008
Chinese Contrasts
27 December 2007
In Others’ Words
22 December 2007
Two Intriguing Contrarian Viewpoints
03 October 2007
The Rear Long View
25 June 2007
The Boys Who Cried Wolf
14 May 2007
Common Sense vs. Liquidity
Alice in Marketland
08 May 2007
Is China Vulnerable To A Reverse Wealth Effect?
Hitting The Ground Running
08 May 2007
Some Preliminary Comments On The French Elections
What Does a Chinese Want?
23 April 2007
New Aspirations of the “Fifty-Something” Generation
In Search of Brand
12 April 2007
Chinese Creators and Greedy Bankers
Chinese Service
11 April 2007
Speaking English and Delivering
Black Swans, The Ludic Fallacy and Wealth Management
26 February 2007
Collateral Damage
05 February 2007
Why We Have Not Yet Suffered All The After-Effects Of The Housing Bubble
Across the Valley or Over the Hill
31 October 2006
Chinese Muzzle
23 October 2006
The Making of… A Contrarian
12 October 2006
Moralist or Visionary?
30 August 2006
Two views of the current global environment
What You See Isn't Necessarily What You Will Drink
07 June 2006
Sarbanes … Huxley?
Always Fascinating Indonesia
04 June 2006
Brief visit after a two-year absence
A Penny Here, A Penny There
24 February 2006
……And Pretty Soon, Inflation Makes You Poorer
Happy, Yes. But Satisfied ?..
February 15, 2006
Some Personal Reflections on Tocqueville’s Twentieth Anniversary
The Importance of Being Micro
09 January 2006
Two examples when values were more important then economics
Buying the Sandwich for the Mustard
28 December 2005
Why multinationals are not yet a good way to play China’s consumer
A New Nationalism in China
09 November 2005
The diary continues from China
A Memorable Flashback
27 April 2005
Why (And How) We Need Financial Analysts
09 April 2005
Contrarians at the Gate
21 March 2005
Defining our approach to investing.
A Year for Nothing (Not Quite)
20 January 2005
Reviewing our performance
Are Euro Speculators Betting on the Wrong Horse?
27 November 2004
Could Merck Be The Next IBM?
21 October 2004
A great working example of Tocqueville's investment process.
The Hu Jintao Dollar?
11 October 2004
The Death of Paul Klebnikov and Russia’s Tragedy
22 July 2004
James Hunt pays tribute to deceased journalist Paul Klebnikov and discusses the failure of the rule of law in Russia.
It Takes a Family… To Live in a Chinese Village
28 June 2004
Diary entries from Asia
It Takes a Family… To Live in a Chinese Village
19 June 2004
Diary entries from Asia
It Takes a Family … To Live in a Chinese Village
19 June 2004
Diary entries from Asia.
Snapshot from Jakarta
15 June 2004
More from François' travels in Asia.
It Takes a Family…To Live in a Chinese Village
03 June 2004
Diary entries from Asia
Overheating Or Grinding To A Halt?
26 May 2004
What’s The Upside?
12 April 2004
A Yen for Survival
04 March 2004
Our current views on Japanese investing.
The Challenge of 2004
20 January 2004
A look at Tocqueville's performance.
Un-Building Blocs
25 December 2003
Understanding North American relations.
My Trip Back To China
12 December 2003
Tocqueville's analyst Allen Huang shares his observations of the changing economy in China.
Back To The Future
11 November 2003
Beware: The Economy Is Improving!
22 July 2003
Flashback To The Late 1970s
30 June 2003
Comparison between market conditions 25 years ago and today.
The Dollar and The Euro
16 June 2003
Why the dollar is weak and what it means for the future.
Volatility Is Not Risk
14 April 2003
Looking In The Wrong Direction
03 April 2003
Iraq, France And The World Order
24 March 2003
A Follow-Up to “The Teen Age of Old Europe”
Scared New World
17 March 2003
The Teen Age Of Old Europe
10 March 2003
From China:
10 December 2002
Climbing The Wall
19 November 2002
Every Bull Market Must Climb A Wall Of Worry
A Little Tap On The Shoulder
02 November 2002
A secular skeptic, but a cyclical bull.
Looking Over The Valley
15 October 2002
The market has risks. But it is time investors looked at the potential rewards from today\'s levels.
Get Out The Vote
24 July 2002
(Manic) Depression In The Stock Market
21 July 2002
Vindication, Complication
14 July 2002
Listen Or Look
27 June 2002
The Dreamer, The Accountant And The Fink
24 June 2002
Two Faces Of Islam In Asia (II)
December 10, 2001
Recent visits to Indonesia and the Xinjian province of China, both predominantly Muslim, took on added significance in the immediate aftermath of the September 11th tragedies and the onset of war in Afghanistan.
Two Faces Of Islam In Asia (I)
27 November 2001
What Now?
10 November 2001
A Multidimensional Puzzle
07 October 2001
Writings from Shanghai
Pushing On A String… Or A Spring?
17 September 2001
The Historical Impact of Crises on Financial Markets
12 September 2001
You Said: “Earnings”?
06 July 2001
Great Experiments
09 May 2001
Investing The Vampire Way
02 May 2001
François' diary continues from Southeast Asia.
What Surprise?
23 April 2001
Are We Happy, Yet?
26 March 2001
A Wall Street Menagerie
13 March 2001
Only In America
19 February 2001
The Withdrawal Economy
12 February 2001
Japan
01 February 2001
Indonesia
10 October 2000
As he travels through Asia, François shares his observations.
Europe
15 June 2000
The European economic recovery is sustainable in the face of a US slowdown. This is bad for the dollar, but good for the euro and for shares of natural resources companies.
Japan
15 June 2000
We are resuming a traditional Tocqueville Asset Management exercise of comparing media headlines with the often-contradictory evidence that can be gathered from less-publicized facts.
Indonesia: Not So Good, But Not So Bad!
15 June 2000
An interview with Indonesia expert Pierre Rochette, just back from Jakarta.
Euro Weakness:
01 May 2000
Asymmetric Pleasure
15 March 2000
Why stock market profits from momentum investing are more enjoyable than the same gains from value investing - but less sustainable.
First The Silver Lining, Now The Cloud
15 January 2000
The bear market... why now?
Jurassic Park and Silicon Valley
15 January 2000
A Review of Tocqueville’s Investment Results in 1999
AOL, RCA, and The Shape of History
15 December 1999
How stock market history repeats itself.
Fedders Xinle Co. Ltd
15 December 1999
Chervon
15 December 1999
Shanghai’d CEOs and Peeking Crowds
15 December 1999
Modernizing China’s bureaucracy is proving to be a challenge. Still, world-class businesses are emerging.
Clipsal Industries
15 November 1999
A recent visit to one of our favorite companies.
East Turmoil
15 August 1999
Indonesia’s Budding Democracy
Singapore: Anything But Poor
15 August 1999
As François travels through Asia, he shares his observations and thoughts.
RMB Devaluation: RIP?
15 August 1999
Has the Chinese Renminbi devaluation already happened?
When Will Rollie Boreham make the Cover of Business Week?
15 July 1999
Why is a company's record less valuable when it is small?
The Euro's No Hero
15 July 1999
Euro-confusion, and the opportunity it created for us.
From Asia With Awe
15 June 1999
A look back on our investments in Asia and some
A Parody of Reason
15 March 1999
Two speculative bubbles that threaten the bull market in US stocks.
Too Much Is Going On For Nothing To Happen
15 January 1999
Year end ramblings and what we are watching for in the new year.
Impressions from China (III):
15 December 1998
Impressions from China (II):
15 December 1998
Impressions from China (I):
15 December 1998
"George Soros Slept Here"
01 December 1998
Impressions from Indonesia (III):
15 November 1998
What to watch for in Indonesia before economic expansion resumes in earnest.
Impressions From Indonesia (II):
15 November 1998
Indonesia is an unlikely place for an African-style chronic famine.
Impressions From Indonesia (I)
15 November 1998
A recent visit to Jakarta showed surprisingly little evidence of thedevastation and agony rehashed every hour by the media. Is Jakarta 1998 an Indonesian version of Paris 1968?
Asia: Sea Of Red Ink, Or Contrarian
15 July 1998
In this sequel to an earlier paper from our publication,
Emergency Message!

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