"Long periods of prosperity tend to breed sloppy thinking and speculative excess… It’s like a tide that lifts all boats, but when it goes...

“The wisdom of the crowd only works when everyone knows something about the thing they are evaluating.”- James Surowiecki Irrational...

[for German, please see below] Appeasement is feeding the crocodile, hoping he will eat you last." [Winston Churchill] Change requires...

[for German, please see attached] I am excited to announce that iolite Capital has been selected by Electa Value Capital Fund, a newly...

“Those who do not remember the past are condemned to repeat it.” (Benjamin Graham) The Nifty Fifty Bubble - a valuable lesson from the...

I recently revisited the journeys of renowned investors who went through periods of significant pain, and Charlie Munger's remarkable story,

Opterion Health AG, based in Muttenz, Switzerland, is developing a highly disruptive dialysis / end stage kidney disease treatment likely...

I am very excited to attend this annual community gathering hosted by Guy Spier, a dear friend and fellow investor. Link: VALUEx Klosters...

“In stocks, it's the only place where when things go on sale, people get unhappy. If I like a business, then it makes sense to buy more...

I am thrilled to attend this annual community gathering hosted by Vitaliy Katsenelson, a dear friend and fellow investor. Link: VALUEx...

I am incredibly excited to see Warren Buffett (91) and Charlie Munger (98) live one more time at the Berkshire Hathaway annual...

“Maintain an army for a thousand days, use it for a moment.” [Chinese proverb] When I started writing this letter, I wanted to talk about...

I am very excited to attend this annual community gathering hosted by Guy Spier, a dear friend and fellow investor. Link: VALUEx Klosters...

“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.” [George...

[...] The steep market correction in February and early March was followed by a wild rally in technology stocks, record breaking IPOs,...

It ain’t over till it’s over.” [Yogi Berra] We live in peculiar times. With the global lockdown in response to Covid-19, hundreds of...

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.” [Warren Buffett] The markets seem...

I am attending a discussion hosted by my friend, Guy Spier, in Davos on January 22, 2020. A great opportunity to meet fellow investors,...

Looking forward to attending VALUEx Klosters 2020 in January 2020, a private and invitation-only conference of fellow investors organized...

“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to...