Journal
Juli 2026
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More Than The Magnificent Seven and Some Hidden Risks
Good Morning Ladies and Gentlemen “Our Attention Economy has been taken to its extreme. People are shouting nonsense, and no one even blinks. But that doesn’t mean it isn’t nonsense.” Peter Atwater Michael Arone from State Street suggests that we should not overlook the importance of recent earnings results simply because they appear concentrated. […]
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Beyond Forecasts: The Investor’s “Bullshit Radar”
Good Morning Ladies and Gentlemen “It’s impossible to take time off.” Bloomberg Weekend I appreciate your understanding as I express this directly: I believe it is essential for investors to cultivate their own internal filter or „bullshit radar.“ In a landscape saturated with narratives, hype, and persuasive storytelling, the capacity to critically evaluate claims […]
Juni 2026
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On Power, Markets, and the Art of Living with Uncertainty
Good Morning Ladies and Gentlemen “Our feelings, it seems, are characterised by our deep immersion in the present and, consequently, by a certain indifference towards the future.” Eva Illouz The current U.S. government under President Trump, it seems, has successfully unsettled not only the United States‘ traditional allies in Europe and Asia but also […]
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Inflation and Behind Last Friday’s Sell-Off: A Story of Crowding and Capital Needs
Good Morning Ladies and Gentlemen “Some people drink from the fountain of knowledge; others just gargle.” Robert N. Anthony What We Can Learn From Last Friday Last Friday, a notable sell-off transpired across diverse asset classes, encompassing bonds, equities, cryptocurrencies, and commodities. This intermarket activity should not be interpreted as indicative of a new […]