Journal
August 2025
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Stop Moralising / Interpreting Latest Data / Inflation And Growth Perspective
Good Morning Ladies and Gentlemen ”Don’t gamble; take all your savings and buy some good stock, hold it until it goes up, then sell it. If it doesn’t go up, don’t buy it.” Will Rogers Europe’s difficult situation is home-made, and I think humanity is currently engaged in a significant experiment. Because in the […]
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Navigating Markets in the Age of Sensitivities
Good Morning Ladies and Gentlemen ””Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” John D. Rockefeller Becoming socially acceptable historically involved adapting one’s behaviour to fit various settings, particularly when sharing those spaces with others. For instance, if you enjoyed putting your feet up on […]
July 2025
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Incrementum All Seasons Fund Seasonal Reflections – 2025/03
The fund manager’s reflections on important political and macro topics and how they affect his management of the fund.
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A Deeper Look at Wealth / Part II: Wealth and Metaphysics
Good Morning Ladies and Gentlemen ”…what is there in the whole world worth more than a peaceful family life and work?.” Doctor Zhivago, by Boris Pasternak In a series of four articles unfolding over the summer, my friend Anton, who lives in Oxford (UK) and works in the financial services sector, and I will examine […]