Journal
July 2022
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Large Fortunes were built thanks to the Effect of Compounding
Good Morning Ladies and Gentlemen “Success is guaranteed if the right people make the right decisions and distinguish between hope and illusion when interpreting the facts.” (Lea Ypi, newly interpreted and slightly amended by myself) Our Private Mandates You know, Ladies and Gentlemen, our private clients are solely invested in cash-generating assets. Why is this, […]
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De-carbonisation
Good Morning Ladies and Gentlemen After de-dollarisation, de-globalisation today’s weekly is about my view on de-carbonisation. De-carbonisation has been the keyword in the sustainability strategy of many countries, especially in the West, since the United Nations Framework Convention on Climate Change (COP21) in Paris in December 2015. However, there is a significant challenge; unlike petroleum, […]
June 2022
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Because we are bad at predicting the future
Good Morning Ladies and Gentlemen On Sunday June 19, 2022 I sent one of my regular updates to our private clients. I feel like sharing it with you. Enjoy the read: “Dear customers Last week, our portfolios also suffered from the financial market slumping. The German stock index DAX stands at -18% for the current […]
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Arbitrary Designation
Good Morning Ladies and Gentlemen I receive a fair amount of messages from people asking me if the «crash» will continue or if this was it and I think my last Stefan’s weekly on “peak pessimism” triggered some additional messages in this respect. So now, Ladies and Gentlemen, thank you very much for writing to […]