What has occurred since yesterday ? Benjamin Graham focused on fundamental equity analysis and became widely known as the “father of value investing”. Equity should only be purchased at a discount to its fundamental value. In his book “The Intelligent Investor” Graham creates a character called Mr. Market, a fellow who turns up every day […]
Article on tag "markets"
Coronacession
The world is in a state of emergency, with the corona pandemic constituting a global health, economic, and financial crisis. The term “Coronacession” has been created as a chimaera of corona and recession. The central question is how deep the emergency runs and how long it will last. The speed of the development is breath-taking. […]
The ordinary becomes special – Update from the Investment Division
What has occurred since yesterday ? Sometimes the ordinary becomes something special. To prove the validity of this heuristic, we will use the database of our Bloomberg terminal once again. On the 24,060 trading days of the leading US index S&P500 since 1928, the average daily change has been +0.02%. In contrast, for almost a […]
ARGENTINA CRIES (again) – Status Quo and Quo Vadis
The developments surrounding the election in Argentina & presidential challenger Alberto Fernandez are currently frightening investors. Are we looking at a “default”? Our fund manager Felix Dornaus analyzes the situation.
Stock markets in 2018 – market activity dominated by politics and volatility
2018 was a year of politics in the stock markets. Find out which three major topics dominated the international market activities in the current year.
Market view: Increased uncertainty
The performance of most asset classes in the year to date has been mixed, to put it euphemistically. Is there a common underlying factor? Can we expect to see a better second half of the year?
A brief history of time.. and markets
In the nineteen-sixties, mathematician Benoit Mandelbrot noticed something that experienced traders had known for long: that time at the stock exchange does not always run the same. Read about the relativity of time here.
Financial Markets Monitor June: a lot going on
An Investment Committee again! A month can pass quickly, especially if there is a lot going on in the markets. In light of recent market events (Italy, Turkey, Argentina), I was surprised that our risk stance has not changed since our last Investment Committee meeting. Obviously, it takes a lot to get us out of […]
Financial Markets Monitor May: positive opportunities outnumber negative ones
Positive opportunities still outnumber the negative ones on the capital markets – that was the conclusion of our Investment Committee. Our willingness to take risks is still optimistic and also moderately higher than in April.
Market Monitor: After the market correction, confidence outweighs
The year 2018 had started on such a promising note – is what we all were thinking. But at the beginning of February, the market taught us a lesson. As a result, the discussions at our first Investment Committee of the year at the beginning of February were interesting ones.