Journal
July 2025
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Incrementum All Seasons Fund Seasonal Reflections – 2025/03
The fund manager’s reflections on important political and macro topics and how they affect his management of the fund.
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A Deeper Look at Wealth / Part II: Wealth and Metaphysics
Good Morning Ladies and Gentlemen ”…what is there in the whole world worth more than a peaceful family life and work?.” Doctor Zhivago, by Boris Pasternak In a series of four articles unfolding over the summer, my friend Anton, who lives in Oxford (UK) and works in the financial services sector, and I will examine […]
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An Analytical Approach to Identifying Value Stocks Through Key Metrics
Good Morning Ladies and Gentlemen ”Most investors steer their portfolios with only the benefit of the rear view mirror.” Jesse Felder In last week’s edition of Stefan’s Weekly, “Embrace the Power of Value Investing,” we explored various facets of value investing. Today, I want to share some key metrics you can utilise when adopting […]
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Central Banks Sometimes Can’t Win `Em All!
Good Morning Ladies and Gentlemen ””Wall Street will sell shit as long as shit can be sold” Charlie Munger Navigating U.S. interest rates can often feel like a rollercoaster ride in the unpredictable realm of finance. While investors seek that perfect win, it is important to recognise that not every decision will succeed. Embrace the […]
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Monthly Gold Compass – July 2025
We are happy to present to you our Monthly Gold Compass for July 2025. It is packed with our most popular charts.