Pfäffikon SZ, Switzerland – For our Thirteen Diversified Fund (TDF) we performed the following transaction(s) today: All purchases and sales are automatically processed in the Portfolio during the day. Once a month the performance of Thirteen Diversified Fund is calculated and published. Update: This week we increased our long positions over a broad front and […]
“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw, irrational emotion under control.” – Charlie Munger Pfäffikon SZ, Switzerland – The Fed wants to fuel inflation for a variety of reasons. Moreover, when the Fed wants something, it happens. If inflation takes shape, the […]
Pfäffikon SZ, Switzerland – Het zal u niet ontgaan zijn hoe de regering Trump voordeel probeert te halen uit de onbalans tussen verschillende handelsrelaties die de VS onderhoudt. In een aantal gevallen heeft Trump zeker een punt. Dit neemt niet weg dat Trump vaak bewust een eenzijdig, onrealistisch en opgeblazen beeld schept. Trump noemt de […]
Pfäffikon SZ, Switzerland – You will not have failed to notice how the government is trying to take advantage of the imbalance between various trade relations that the US maintains. In some cases, Trump certainly has a point. This does not alter the fact that Trump often deliberately creates a one-sided, unrealistic and bloated picture. […]