Journal
February 2023
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Quick Competition / Your Thoughts / Asset Classes
Good Morning Ladies and Gentlemen I have a quick competition for you. The first one to answer wins a one-ounce silver coin. Below you will find a sentence fragment from the beginning of the first chapter of a brilliant book, which still has a certain topicality even after having been published initially 25 years ago. […]
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Ten-year Performance
Good Morning Ladies and Gentlemen On Tuesday, I looked at the 10-year performance of various asset classes. Today I want to share them with you. Again the numbers stem from Tuesday, but even if they should have changed slightly over the last few days, I do not think this will significantly change the performance over […]
January 2023
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Euro and/or U.S. Dollar Disappearance
Good Morning Ladies and Gentlemen “The end of the world is the delusion of grandeur of the depressed”. Matthias Horx Since you asked I received an intriguing question about the likelihood of a disappearance of the Euro or U.S. dollar, and I am happy to give you my take on it. All about trust? […]
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Rational or Hocus Pocus
Good Morning Ladies and Gentlemen Year-end competition Ben asked me about Incrementum’s partners’ positions in the year-end competition. I finished second and had my numbers published last spring; there is complete transparency. However, my partners did not participate. The year before, my partner Hans participated, but in 2022 he was too busy making money for our […]