Journal
May 2021
April 2021
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The Relativity of Value
Dear Ladies and Gentlemen Thank you very much again for all your feedback! Today I would like to point out some thoughts on the relativity of value. …but first just some more on Inflation Ladies and Gentlemen, I do not feel entirely comfortable in an environment of exploding central bank balance sheets and government budget deficits. […]
- Favorit
Advisory Board Call – Q2 2021
This quarter’s advisory board call we talk about inflation and what fundamental changes will likely lead to it. This time we welcome Otavio Costa as our special guest.
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Waiting for a Crash
Dear Ladies and Gentlemen I received many emails from readers feeling the same as me regarding the comments I made in my prior weeklies on assets with no intrinsic value. So far, some of those assets have shown genuinely outstanding performance, and I am happy for everyone who made money with it! Well done! Where […]
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IASF – Seasonal Reflections – 2021 / 02
The fund manager’s reflections on important political and macro topics and how they affect his management of the fund