Journal
December 2022
November 2022
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U.K. under pressure?
Good Morning Ladies and Gentlemen In his iconic book «The Sun Also Rises» or «Fiesta», Ernest Hemingway’s character Michael Campbell (Mike) is asked how he went bankrupt, and this is his answer: «Two ways. Gradually, then suddenly.» Brexit In 2018 I was asked to share my view on BREXIT, which led to an article […]
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Having, wanting, and the history of bull markets
Good Morning Ladies and Gentlemen «After a time, you may find that having is not as pleasing as wanting. It is not logical but is often true». Spock, Star Trek, Season 2, Episode 1 – Amok Time, 1968 Dinner with friends I had this interesting discussion with friends over dinner. Four couples, tasty food, great […]
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Incrementum All Seasons Fund – Seasonal Reflections 2022/05
The fund manager’s reflections on important political and macro topics and how they affect his management of the fund.
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Life Out of Balance
Live Out of Balance Ronald Stöferle gave a keynote presentation at this year’s Zuri-Invest under the title “Koyaanisqatsi” or “Life Out of Balance” in which he goes over how markets and the world are currently out of balance and in dire need of stabilization.