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  • The Norwegian example - provision for old age pensions

    Saturday 18 February 2017

     German savers are suffering with their investments. There is hardly any interest to be earned from savings accounts and investments.

     The Norwegian State Fund offers an alternative.

  • Why big holes in the ground continue to be an essential necessity

    Thursday 17 November 2016

    ..... and why investing in mining companies continues to be a potentially very rewarding proposition.

     

    Guest inpunt: Dr. Frank Bierlein

    Dr. Frank Bierlein is Chairman of the Advisory Board, ME Fonds – PERGAMON.

  • Trump – My correct prediction

    Sunday 13 November 2016

    As a value investor, it is important to observe the events of the day, to anticipate the consequences and draw the right conclusions from them, and then react consistently allocating funds accordingly.

  • Fatal: information overload and the herd instinct

    Monday 27 June 2016

    Most investors are victims of information overload and the  herd instinct. There is only one way to deal with this:  Deal with the current affairs in your own way.

  • Once upon a time, VTG shareswere offered for € 6 each

    Monday 13 June 2016

    This is a success story for all involved. VTG which leases railway wagons has become a sensation on the stock exchange. A considerable success with limited risk can, in fact, be achieved in the market.

  • One aspect: Are only a few stocks in this sector listed in the stock market?

    Tuesday 24 May 2016

    Most investors are not aware of an important point,  which is, whether there are many or just a few stocks in a specific industry sector listed on the stock market.

  • Most of the money you will earn is the result of saying "No"

    Tuesday 26 April 2016

    Emotional conflicts and the daily news are poor sources of advice. Fear dominates. The key to making money here is easy to find:

    just say "No"

  • Audi AG - once again the champion

    Sunday 17 April 2016

    Audi AG which is part of the "VW- Group" stood out once again. The car manufacturer in Ingolstadt produced impressive results in the first quarter of 2016.

  • Doing our own Research on shares of VTG AG was worthwhile.

    Friday 18 March 2016

    Europe's largest rail car rental company has at last been noticed on the stock market. Two prominent investors have shown an interest. An example that timely research was worthwhile.

  • A surprising resuscitation in commodity stocks

    Tuesday 15 March 2016

    A crisis, which we did not seen for decades. Commodity stocks went downhill for four years in a row. An industry literally collapsed.

    Thousands of geologists became unemployed. Prices imploded. But, suddenly, the stock market is turning around.

  • No first class train tickets for poor shareholders

    Tuesday 8 March 2016

    An unexpected encounter while traveling by train, made me as a shareholder wonder what is going on. A true story. A rare look behind the scenes of a company in the DAX 30 index.

  • Locking in a profit – is not easy in markets

    Saturday 5 March 2016

    Most shareholders have difficulties handling the sale of shares. This has cost many investors a lot of money. It pays to plan sales ahead of time.

  • Caution: Not everyone is a Warren Buffett

    Tuesday 1 March 2016

    Before you set foot on the trading floor, you should know what type of investor you really are. This issue is far more  important than you think. Unfortunately, no bank manager can help you with this.

  • Customer satisfaction - the extraordinary and deciding factor

    Monday 22 February 2016

    When it comes to determine the value and prospects of a company, many roads lead to Rome. But most investors and analysts overlook one component: Customer satisfaction. This is a serious mistake.

  • What cash allocation should an investor hold?

    Tuesday 2 February 2016

    Active investors are always on the lookout for  investment opportunities. Cash and cash equivalents -  especially without interest – "idle money" are a thorn in

    their side. Cash is, however, far more important than you think.

  • Audi shares - the pearl in the VW Group

    Wednesday 13 January 2016

    Once again, 2015 has shown the superior quality of the AUDI Group. VW should use this period of 'making a clean sweep' to stress the

    importance of Audi shares. VW should use this opportnity to improve its corporate image by tackling the problem of AUDI equity notes

    and its handling of minority shareholders in AUDI.

  • Star-Wars ... and the Winner is: Disney

    Wednesday 23 December 2015

    Who will benefit the most from the sensational movie debut of Star Wars? The owners, of course. Shareholders of Walt Disney.

  • Learning to “use the minutes” from the banker Siegmund Warburg.

    Wednesday 16 December 2015

    I always wonder how some business people accomplish so much more than others. Every day has for all of us the same amount of hours. However, we can learn from a banker Siegmund Warburg. Especially his motto – "Use the minutes" - has stuck in my mind.

  • When investing, always calculate in percentage terms

    Friday 11 December 2015

    Young people in early training for this profession are particularly close to my heart. It is not easy for them to find a way to invest money. It is not taught in school. However, here is a very simple suggestion: Do not think in euros, but in percentage terms.

  • I love the "ATM" machine in the stock market

    Tuesday 8 December 2015

    As a value investor, I love the opportunities which can be found in strong profit and loss accounts of listed companies. There are astounding differences in the financial strength of companies in the stock market. It is really worthwhile to search for earnings and 'precious pearls'. Some striking examples:

  • Look carefully, there are two classes of shares: those with and those without voting rights

    Monday 30 November 2015

    The capital of a corporation is usually divided in shares of one class. Each share has the same voting rights. The idea is the equal

    treatment of all shareholders. 1 share = 1 vote at the general meeting. But there are a few exceptions. Shares with and without voting rights.

    When these two classes of shares are traded on the stock market, this will sometimes create opportunities for careful investors.

    The shares of Henkel AG and Roche Holding come in this context to mind.

  • The IPO of Ferrari in New York. Observe: An example of the classic IPO effect

    Monday 23 November 2015

    On November 3, 2015 I wrote in my blog "An exciting week. For investors, there is plenty to choose" referring in particular to the Ferrari shares. In fact,

    there was much to decide. It is now clear: Investors can learn a lot from the Ferrari share Initial Public Offering.

  • Weight Watchers shares were the top hit of the week.

    Monday 16 November 2015

    One woman has more influence than the whole of Wall Street in the United States: Oprah Winfrey. As a well known media figure and multi-millionaire she can really influence the market price of Weight Watchers stock. A prime example of how the stock market really works.

  • An exciting week. There is a lot to be learned by investors.

    Tuesday 10 November 2015

    What a week. How events affect the exchange. We live in an era of entrepreneurial minded investors. Details are not crucial. It depends on the correct assessment of situations. Here are some examples from last week of long downfield passes - a football term – or "Million Dollar Questions” - as the Americans would say:

  • Great successes are not accidental

    Tuesday 10 November 2015

    Time and again I am asked by young people, how above-average success in professional life is achieved. There are a variety of approaches and guides, books

    and videos, and yes, an entire industry has evolved as far as measuring and reporting on success.

  • Pensions - Setting the course from the beginning of your professional career.

    Wednesday 28 October 2015

    Most employees will face a pension gap. Mrs Merkel is not the culprit. The failure lies in false assumptions. There is a good approach for young people starting their careers.

  • Real Estate: Is the tenant - a burden?

    Thursday 15 October 2015

    Protection for tenants, discounts on the rent, outstanding rental payments, regulations and cumbersome rules, you hear the worst stories from landlords about their tenants. Many homeowners are frustrated and have given up on the rental business. That, in my view, is a mistake.

  • Rising interest rates: A threat for stocks? Not likely.

    Thursday 8 October 2015

    Fears about China and the threat of rising in interest rates caused fear and terror in stock markets. Shareholders, where do we stand now? Are we at the beginning of a long bear market?

  • Dimensions of Wealth in Assets: A Million or a Billion ?

    Friday 2 October 2015

    When are you financially independent? Wealthy? Really rich? For most people, all millionaires are rich people. But the difference in the world of the wealthy and rich is immensely larger than one realises. Are you really aware of the difference between 1 million and 1 billion? Just take a look at this.

  • Surprise! On the stock market “Porsche is not the same as Porsche”

    Saturday 26 September 2015

    Following the sharp fall in the price of the VW shares we are often asked whether we should buy the shares Porsche in the "ME Fund - Special Values". It is true, Porsche is also listed on the stock exchange and the share price has fallen sharply as well. However, it is better to be careful! Appearances in the stock market can be deceptive. The situation with Porsche involves different aspects.

  • Starbucks in the United States

    Monday 21 September 2015

    The expansion of Starbucks in the US is impressive. The  "ambience" or better said the "atmosphere " - deliberately cultivated by the company - is the real icing on the cake.

  • Real Estate - an example which I observed

    Thursday 17 September 2015

    Good properties are an interesting way to invest. Besides "paper assets" like (bank accounts and bonds), equities and direct investments in companies, as well as gold and silver, there are many property investment opportunities which enhance the portfolio.

    Investments in real estate are varied. What strategy should you choose to build a real estate portfolio?

  • Better avoid placing market orders on Monday morning on Wall Street !

    Friday 11 September 2015

    Some useful advice – to protect yourself. If there is any period during the week in the market, which you should avoid, then it is the opening of Wall Street on Monday mornings. There are good reasons for this.

  • How the brokerage system works on Wall Street, by Dr. Rolf Jacobsohn, Singapore

    Wednesday 9 September 2015

    My good friend, Dr Rolf Jacobsohn in Singapore, describes the brokerage system on Wall Street when he worked as a broker in the 1980ies and 1990ies.

  • The Mentor of Hong Kong. Hall of Value Fame - Sir James Cowperthwaite

    Monday 7 September 2015

    Who created the conditions for decades of prosperity and dynamism in Hong Kong? A man of whom you have certainly never heard of:

    Sir James Cowperthwaite (1915 - 2006). Who was he, and what was the basis of his successful model?

  • Syngenta - The management rules the world

    Monday 31 August 2015

    I would really prefer it, if people leave companies alone. Joint-stock companies with a top quality team and a promising business field will, over the decades to come, only do better.

    It still pains me, that we had to surrender our holding of Hilti AG (listed on the Swiss Stock Exchange) from our Value Fund “ME Fund-Special Values” as well as the world market leader in chewing gum WRIGLEY (listed on the US stock exchange) as part of Going-Private takeover bids. While we recorded a nice profit, this was a one-time event. In the long term we would no doubt have achieved a far higher appreciation in market value. As far as the failed take-over attempt by Syngenta Monsanto I am not so sure.

  • Counter - cyclical investing - why is it so difficult?

    Tuesday 25 August 2015

    There are are a many benefits from countercyclical trading on the exchange. "Always buy straw hats in winter" is an old saying. Only in the next bear market will you realize how much it really hurts to have added shares the portfolio at the top of the business cycle.

    Why is it that so many investors make the same timing error over and over again?

  • Bankers or Speculating Bankers?

    Monday 24 August 2015

    Complaints about the decline in the banking industry have been ongoing for a long time. The situation has not improved since the disaster in 2008,

    What is the real problem? In the transition from bankers to speculating bankers. But what defines a banker? And what in contrast differentiates speculating bankers?

  • How to set up a share portfolio

    Thursday 20 August 2015

    Once the equity investor decides on a stock, the the question arises, when and how to enter the order. This is where opinions are differ.

  • Acquisitions - with a new dimension

    Monday 17 August 2015

    In my blog of the 8th of June, 2015, I pointed to a wave of mergers on stock exchanges abroad: "The breathtaking merger wave is continuing".

    Now, only two months later, the rapid pace of company acquisitions is continuing. In a previously unexpected new dimension due to the summer break.  

  • Ranked at the top in my Hall of Fame - Martin Gysin

    Friday 14 August 2015

    The media are full of stories about top greedy managers. On the other hand, some are basking in the glow of the press with their "egos” as a supposed Masters of the Universe. As an investor, I have found over the course of many years that true heroes create sustainable value, often act unnoticed and away from the public eye.

    Here's an example of an outstanding performance: Martin Gysin, former Chief Financial Officer of Bell AG in Basel ( a Swiss market leader in meat and sausages). He is ranked at the very top in my Hall of Fame. 

  • Don't do anything! A good rule to use on the Exchange

    Wednesday 12 August 2015

    Old brokers on the exchange, have always known it: "following markets up and down, empties your wallet".

    However, the broker on the stock exchange participates in many transactions.

    Knowledgeable investors, however, are characterized by their prudent and calm manner. Following advice they rarely get to hear from bankers: don't do anything!

  • Speculator or investor?

    Tuesday 11 August 2015

    Many money investors are wondering why they hardly make any money in the stock market over a long period of time.

    Wrong timing, entered the marker too late, sold too soon ......

    it is always the same. What matters is a clear definition: Am I an investor or am I a speculator? Nothing in between.

    But what defines a speculator? And what is the actual difference from being an investor?

  • One way out: From Government - debt to Shares in the Government.

    Tuesday 11 August 2015

    The people know it, the politicians know it as well.

    Most governments can never repay their accumulated debt.

    Hardly anyone dares to confront this problem, let alone propose a serious solution for it. Instead of passing the buck on to the next generation, smart people suggested a solution. Perpetual bonds with no maturity! They would be almost like Shares in the government.

  • Mergers and Acquisitions like never before

    Monday 8 June 2015

    For years value fund "ME Fonds - Special Values" has not ceased to point out that first class listed companies will become a rare commodity. In Switzerland and the USA we have currently an astonishing wave of mergers and acquisitions going on. A trend that is not going to stop so soon. 

  • Audi AG stock - hidden treasures.

    Sunday 31 May 2015

    German carmaker AUDI AG has more to offer to investors than just the famous AUDI brand and AUDI car technology.

  • Audi Stock - undervalued?

    Sunday 31 May 2015

    Most shares of quality companies have reached high prices on the stock markets. PE ratio multiples in Germany range between 12 and 18 on average for large companies. But there is an interesting exception, hardly noticed by the investing public: The share of German carmaker AUDI AG, listed in Frankfurt, Germany.

  • Swiss Francs - what to do?

    Monday 18 May 2015

    Investors are now being charged a "penalty" interest rate of up to 0.75 % on their Swiss Franc bank deposits. Not all banks have taken this step, but more and more. Instead of earning interest on his money, the investor now has to pay interest. As a solution some banks are recommending to convert the Swiss Francs into another currency or to switch into another asset class like Swiss stocks.The question comes to my mind: Is this really good advice?

  • Interest rates at zero - the effect on our children

    Thursday 30 April 2015

    For investors the loss of interest income on their cash, savings and term deposits is terrible. But beyond financial considerations there is another dimension to the whole dilemma. Nobody speaks about the effect this has on our children.

  • When will the Bond Market be attractive again?

    Wednesday 29 April 2015

    For years the bond market has been driven systematically to the zero interest level. As a result more and more money will flow into the stock market. Is there a danger that private investors will eventually exit the stock market, re-discovering the bond market? What kind of interest rates are necessary to tempt them?