Journal
November 2025
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Incrementum All Seasons Fund Seasonal Reflections – 2025/04
The fund managers’ reflections on important political and macro topics and how they affect his management on the fund.
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Political Landscape and Musk’s Loyalists at the Quest for Tesla’s Supremacy
Good Morning Ladies and Gentlemen ”The ideological positioning of the individual holds significant importance, as it fundamentally shapes the foundational basis of their perspective.” me, when I talk to our children about education, politics If the political pendulum in the US swings back due to widespread dissatisfaction among diverse segments of the population regarding […]
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Capital Returns Unveiled: The Double-Edged Sword of Successic
Good Morning Ladies and Gentlemen ”Observe calmly; secure our position; cope with affairs calmly; hide our capacities and bide our time; be good at maintaining a low profile; and never claim leadership.” Deng Xiaoping Entrepreneurs, organisations, and politicians often make significant errors during periods of notable success. Such advantageous phases can lead to complacency […]
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The Predictive Power of Forward-Looking Earnings Revisions
Good Morning Ladies and Gentlemen ”All ideologies are inaccurate to varying degrees. More subtly, all are incomplete in various ways; in particular, they fail to anticipate some crucial events.” Social Philosophy and Policy, Volume 41, Special Issue 1: Ideology Thank you very much for the generous feedback on my last “Stefan’s Weekly.” I was […]
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Ambiguity Tolerance, Market Outlook, Thanksgiving and a New Song
Good Morning Ladies and Gentlemen ”Minds, like parachutes, only function when they are open.” Thomas Dewar At the conclusion of today’s “Stefan’s Weekly,” you will have the opportunity to click on buttons leading to a song produced by my daughter. I hope you understand my desire to share this with you, even though it […]
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Monthly Gold Compass – November 2025
We are pleased to present to you the IGWT Monthly Gold Compass for November 2025, which contains a wide range of popular charts.