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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.
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.
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.
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.
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.
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.
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"
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
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.
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.
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:
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.
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.
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.
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?
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.
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.
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.
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?
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.
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.
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?
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.
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?
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?
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.
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.
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.
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!
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?
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.
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.
Sunday 31 May 2015
German carmaker AUDI AG has more to offer to investors than just the famous AUDI brand and AUDI car technology.
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.
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?
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.
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?