Valuations and Bubbles (4th quarter 2025)
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…
Staying Focused in Essential Financial Goals (3rd quarter 2025)
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…
Vanguard Model Portfolio and 2025 Asset Allocation
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…
AI and overvaluation risk (1st quarter 2025)
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…
Sources pour les investisseurs à l’horizon 2025 (4ème trimestre 2024)
Pour notre dernière revue annuelle, nous examinons les points de vue éclairés de trois investisseurs de référence : un contrarian provocateur, un global macro et un investisseur « value » : À la recherche de valeur dans un contexte de prix élevés des actifs Dans son rapport « Gloom Boom Doom », l’anticonformiste provocateur Marc…
Sources for investors entering 2025 (4th quarter 2024)
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…
Eisman, Damodoran, BlackRock et DBS (3ème trimestre 2024)
Sur la base d’une approche valeur des devises et des marchés actions on privilégiera les actions asiatiques (hors Japon), le Japon ainsi que le Royaume-Uni pour ce trimestre.
Eisman, Damodoran, BlackRock and DBS (3rd quarter 2024)
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.
Reference investors, the Chinese question and vehicles (2nd quarter 2024)
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,…
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Guide Finances 