Journal
February 2023
January 2023
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Euro and/or U.S. Dollar Disappearance
Good Morning Ladies and Gentlemen “The end of the world is the delusion of grandeur of the depressed”. Matthias Horx Since you asked I received an intriguing question about the likelihood of a disappearance of the Euro or U.S. dollar, and I am happy to give you my take on it. All about trust? […]
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Rational or Hocus Pocus
Good Morning Ladies and Gentlemen Year-end competition Ben asked me about Incrementum’s partners’ positions in the year-end competition. I finished second and had my numbers published last spring; there is complete transparency. However, my partners did not participate. The year before, my partner Hans participated, but in 2022 he was too busy making money for our […]
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IASF – Incrementum All Seasons Fund – 2023/01
The fund manager’s reflections on important political and macro topics and how they affect his management of the fund.
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Investing like Entrepreneurs
Good Morning Ladies and Gentlemen Last week I did send you a quote from Burkhard Varnholt. The quote was, «Stamina is the hidden secret of successful long-term investors». 18% of Germans wear bicycle helmets Investment Principle I speak to investors a lot, which is what I appreciate most about my job. Because investors often show […]