Journal
August 2021
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Interesting
Dear Ladies and Gentlemen This year’s year-end competition shows an interesting picture. Extremes As you will see, the volatility in the individual underlying’s market prices is somewhat represented in the spread between the highest and lowest of your estimates for gold, Bitcoin and the S&P 500. However, there are still estimates dropping in every day; […]
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Economic Factors of Production
Dear Ladies and Gentlemen From an economic perspective, the factors of production include land or its natural resources, capital, labour, and, I would argue, knowledge. Now, I have a fair amount of discussions with people of different backgrounds about the importance of capital, i.e. investments. Something Neglectable …and occasionally I almost do get the impression that […]
July 2021
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Quarterly Reporting
Dear Ladies and Gentlemen Every quarter, I am reporting to our private clients on an individual basis. I thought it might be of interest to you to receive excerpts from the latest reporting. I left all individual comments away and the part about changes to the individual portfolios. Introduction The second quarter of 2021 was convincing on many […]
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Mister Nassim Nicholas Taleb
Dear Ladies and Gentlemen I received some messages to my last weekly mail and one, by Jan, was extraordinary in the sense that it contained questions of great deepness. I am not sure if I have been able to reply to Jan expectedly, but even if not, it was inspiring to me thinking about the […]