Pfäffikon SZ, Switzerland – Exactly one week ago, I was invited to lunch in Zurich with one of the largest and most successful investors in Russia. The gentlemen are long-winded and are not at all concerned about a crisis such as the one in Ukraine, and I can’t blame them. Since we also wilfully have […]
Current Market Outlook: Pfäffikon SZ – Speculations of more QE by – remarkably – the ECB is pushing European stock markets higher. Europe yearns for inflation and the ECB seems determined to facilitate this. On the other side of the ocean, Charles Plosser – the president of the Federal Reserve Bank of Philadelphia – moved […]
Pfäffikon SZ, Switzerland – For our Thirteen Diversified Fund we performed the following transaction(s) today: All purchases and sales are automatically processed in the Portfolio during the day. Once a week the performance of Thirteen Diversified Fund is calculated and published. Our Participants can follow Thirteen Diversified Fund’s Portfolio online. We sold: Heineken Holding We […]
Weekly Market Outlook: Pfäffikon SZ – Last week, the S&P 500 gained 1.37% and closed at 1866.40, despite all geopolitical tensions. The S&P 500 is currently trading at 16 times the expected earnings. That does not necessarily mean it is expensive. However, the call for a correction is becoming louder. At this moment we think, […]