Journal
November 2025
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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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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 […]
October 2025
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From U.S. Interest Rates to the Hidden Costs of Sanctions: A Quick Dive into Economic Dynamics
Good Morning Ladies and Gentlemen ”First class business in a first class way.” Pierpont Morgan, Jr Online search trends for “day trading class” have skyrocketed by 700% in the past three months, reaching an all-time high. In contrast, gold has experienced a remarkable increase of 58% in the calendar year 2025 thus far, marking […]
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Update: 2025 Year-End Competition
Good Morning Ladies and Gentlemen ”That is very, very unusual; since 2005, only the rebounds after the Global Financial Crisis and Covid-19 have had bigger five-month rallies — and they both followed much deeper initial selloffs.” John Authers As the prices of precious metals have increased substantially, interest rates have exhibited remarkable stability. On […]