The Templeton Growth Fund has an outstanding long-term track record. But investors of the legendary investor needed a lot of patience. With the fund he did not outperform the market during the first 14 years. Web Source: Smead, C.: “Academia vs. The Real World – Part 1”, Smead Capital Management, 11 December 2018, https://smeadcap.com, Link […]
The German investor magazine “AnlegerPlus” published a report on our Rhy Risk Indicator last week. If you would like to know why you should review your own equity exposure, you will find an answer in the article: AnlegerPlus article
The CKGSB Business Conditions Index is an alternative to the China official manufacturing PMI. In September, it fell to its lowest level since its launch seven years ago. Professor Li Wei, who oversees the survey, said that “for most, business has never been worse.” Web Source: “Alternative China PMI Gauge Says Business `Has Never Been […]
“We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein As of 2017, global debt climbed to USD 237 trillion. This is about USD 100 trillion more than at the beginning of the financial crisis. Web Source: Tanzi, A.: „Global Debt at Record Level”, Bloomberg, 10 April 2018, accessed […]
„History tells us that of the top 10 stocks in the world, eight will disappear over the next decade.“ Rob Arnott The FAANG stocks (Facebook, Amazon, Apple, Netflix, Google) have been outperforming the broad market for years. Today they are among the largest companies in the world. I would like to try to illustrate the risk […]
For the first time since 2001, speculators became net short in gold. Previous phases of extreme positioning led to an average price gain for gold of 10.6% over the next three months and 16.2% over the next 12 months. Source: Coward, B.: „Offsides Positioning in Gold, Bonds and the US Dollar Will Make for an […]