Journal
February 2023
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Assisted Thinking
Good Morning Ladies and Gentlemen One of the issues I see when speaking to investors, something I do a lot and genuinely like doing, is what I would call their «assisted thinking». «You must not run after money; you must go towards it.» Aristoteles Onassis Influence Our surroundings, family, friends, the media, social contacts, gurus, […]
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Ten-year Performance
Good Morning Ladies and Gentlemen On Tuesday, I looked at the 10-year performance of various asset classes. Today I want to share them with you. Again the numbers stem from Tuesday, but even if they should have changed slightly over the last few days, I do not think this will significantly change the performance over […]
January 2023
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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 […]