Journal
September 2020
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Double Standards
Dear Ladies and Gentlemen Sahra Wagenknecht, former parliamentary party leader of the Left Party in the Bundestag in Germany, warns against double standards in the debate about consequences for Russia after the poisoning of Kremlin critic Alexei Nawalny. Wagenknecht explained to the “Neue Osnabrücker Zeitung” that anyone who demands an end to the Nord Stream […]
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Investment Managers
Dear Ladies and Gentlemen Investment managers are strange animals, at least sometimes. The amount of investment strategies out there is almost unlimited, and yet it seems only some of them are working. One of the most important decisions when choosing an investment manager is to understand the proposed investment strategy. Only when the investment strategy is […]
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Mean Reversion
Dear Ladies and Gentlemen It seems my last weekly mail “Double Standards” hit the nail on the head. I received many very positive feedbacks and exciting comments. One of them I would like to share with you: “people’s outrage is definitely selective, and the selectivity conveniently coincides with people’s preexisting political objectives. Stories attributed to […]
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The Outperformance of Gold – A Possible Explanation
Dear Ladies and Gentlemen I was asked to write an article on gold for the “Global Executive” magazine. The introductory part of the article reads like this: “By August 21, the year to date price of gold had gone up a hefty 27%. While many other asset classes experienced difficult times, the gold price not […]