Journal
January 2023
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Investing like Entrepreneurs
Good Morning Ladies and Gentlemen Last week I did send you a quote from Burkhard Varnholt. The quote was, «Stamina is the hidden secret of successful long-term investors». 18% of Germans wear bicycle helmets Investment Principle I speak to investors a lot, which is what I appreciate most about my job. Because investors often show […]
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Year-End Competition 2022 – and the winner is
Good Morning Ladies and Gentlemen Finally, and once again, the sleepless nights are over; time to declare our year-end competition winner. Like every year, the data stems from Finanz und Wirtschaft (fuw.ch). Gold According to the above source, Gold closed the year at USD 1’824.56, in negative territory for the second consecutive year, despite spiking […]
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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 […]