This year of market buoyancy is making investors uneasy. It isn’t only because prices are rising—it’s because they often rise faster than conviction. When central bankers express discomfort, when seasoned macro thinkers warn of bubble dynamics, and when geopolitics increasingly weaponizes currencies and capital flows, investors feel the irresistible urge to respond. But as Buffett reminds […]
Category: English
Staying the Course Amidst Noise The financial world is entering yet another phase of turbulence. The headlines of this quarter revolve around three major forces: uncertainty around the US dollar, the escalation of new global conflicts, and the relentless march of artificial intelligence. Each has the potential to unsettle markets, but none should deter investors […]
Contrarian investing, valuation
For Swiss investors, considering the Vanguard model portfolio may be a good starting point to build a solid portfolio. Vanguard Approch on Asset Allocation Given today’s uncertain environment, it is crucial for investors to remain disciplined and avoid panic-driven decisions. Vanguard’s Model Portfolio provides a framework for long-term investment allocation, offering different risk profiles based […]
The first quarter of 2025 has been marked by significant geopolitical events and the extraordinary rise of Chinese AI, particularly with the emergence of DeepSeek. This update explores the implications of AI developments on personal asset allocation. DeepSeek Assessment The rapid advancement of AI has led to an increase in speculation and misinformation in the […]
For our last yearly review, we look at insightful perspectives from three reference investors: a provocative contrarian, a global macro and a value investor: Searching for Value Amidst High Asset Prices The provocative contrarian Marc Faber, in his Gloom Boom Doom report, raises critical questions about the sustainability of current asset valuations. He highlights a growing dichotomy […]
Based on a value approach to currencies and equity markets, the focus will be on Asian equities (excluding Japan), Japan and the United Kingdom for this quarter.
Market sentiment Looking ahead , the global economic outlook points to slower growth. While consumer spending is expected to remain positive, albeit at a slower pace than last year, some benchmark investors are showing signs of caution. For example, Berkshire Hathaway’s cash position will probably reach $200 billion by the end of the current quarter, […]
At the start of this year, we review W. Buffett’s latest letter to his shareholders, the market situation in the USA, China and other geographies, and conclude with a few practical considerations. W. Buffett’s principles In his letter to Berkshire investors for the 2023 financial year, W. Buffett recalls his main investment principles following the […]
The best investment results come from exploiting the differences between the way things are supposed to work and the way they currently do.
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