Journal
August 2026
-
Entropy, Inflation, And The Illusion Of Economic Certainty
Good Morning Ladies and Gentlemen “Particularly that constant changes in entropy are what produce the vitality and vibrancy on which the markets so heavily depend. Both increases and decreases in entropy can be a welcome sign, in order that equilibrium is constantly approached, but never achieved. This should be embraced by investors; they should not run […]
-
IGWT Monthly Gold Compass – August 2026
Wir freuen uns, Ihnen den IGWT Monthly Gold Compass für August 2026 zu präsentieren, der eine Vielzahl beliebter Charts enthält.
-
Financial Markets as a Dance Against Entropy: Lessons from Thermodynamics and a Philosophical Approach to Investing
Good Morning Ladies and Gentlemen “I can’t tell you how to get rich quickly, but I can tell you how to become poor quickly by trying to get rich quickly.” Attributed to either Warren Buffett, Charlie Munger, or André Kostolany As announced last week, this week’s edition of “Stefan’s Weekly” takes a slightly philosophical […]
-
The Bond Market’s Inflation Warning
Good Morning Ladies and Gentlemen “Thursday a week ago, Microsoft’s market capitalisation increased more than any company’s ever has in a single day. It jumped 16% to add $450 billion to its value — that alone is larger than 96% of the S&P 500 companies or the entire stock market of South Africa.” Bloomberg Tech In […]
-
Incrementum All Seasons Fund Seasonal Reflections – 2026/03
Gedanken des Fondsmanagers zu relevanten politischen und makroökonomischen Themen und deren Auswirkungen auf das Management des All Seasons Fund.