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Journal

All #nonInflatable Advisory Board Gold and Silver IASF / Seasonal Reflections In the Press Inflation Diversifier Fund Presentation Research Stefan's Weekly worth knowing
Stefan Markus KremethHans G. SchiefenIncrementum AGRonald StöferleMark Justin ValekJeannine GrassingerDr. Christian Schärer

March 2022

  • March 11, 2022

    This Time is Different

    Good Morning Ladies and Gentlemen, Many thanks to all who have participated in last week’s quick competition. I received many answers, and most participants guessed Hobbes’ “Leviathan”; one reader mentioned Nietzsche’s “On the Genealogy of Morality”, another one “Jenseits von gut und böse” by the same author and another one Arthur Schopenhauer’s “Die beiden Grundprobleme der Ethik“. […]

  • March 25, 2022

    Less Return with More Risk

    Good Morning Ladies and Gentlemen, My job is to make money for our clients. I do this by investing in capital markets, i.e. managing our clients’ capital in a volatile environment and in line with our clients’ mandates. I love managing assets. It is an exciting job that allows me to read books, research, newspapers, […]

  • March 4, 2022

    Face Saving and a quick Competition

    Good Morning Ladies and Gentlemen, «Human beings are only there to live the short period between birth and death with as much egoism as possible.»  Do you know the author of this sentence and the respective book, and the book’s name? Intriguing thoughts In order to prevent more significant harm to the people of Ukraine, […]

February 2022

  • February 25, 2022

    What Comes Next?

    Good Morning Ladies and Gentlemen, The Prussian general and military theorist Carl von Clausewitz once said:  “The greatest enemy of a good plan is the dream of a perfect plan.” Your Thoughts In my last weekly, I asked you to share your thoughts on the current political crisis, and I also asked how you would […]

  • February 11, 2022

    Crowded Trade

    Good Morning Ladies and Gentlemen, When everything seems so obvious, you want to reconsider. Potentially Crowded Trade Sometimes things seem so obvious, «the really smart» people point in one direction, media and social media confirm the view, the trade looks very promising, you are convinced to outsmart the market. Ladies and Gentlemen, a good trade […]

  • February 18, 2022

    Ukraine Crisis

    Good Morning Ladies and Gentlemen, The great Wayne Gretzky once said: «I skate to where the puck is going to be, not to where it has been.» U.S. Private Investors Some weeks ago, I pointed out that U.S. private investors’ bullish expectations were on low levels. Guess what? This Wednesday, that number dropped again. The number […]

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