In my post Public Equities: 2022 Outlook, I wrote: Time is Money. Don’t Wait. I got a lot of flak for that. How could I recommend investing when I don't know what the future brings?! Wouldn't that really depend on the risk target of an investor? True. That's why I wrote about what I am … Continue reading Followup: Don’t Sit on the Sidelines!
For some reason, just because I'm German, everyone seems to think that I know the impact of the war in Ukraine onto capital markets. I don't. Well, I didn't. Here we go: Bifurcation of economies; return of regional networks and economies; strong US dollar; bifurcation of energy markets; increased military investments
Last night a dinner discussion turned again to private equity markets, blockchain, stablecoins, and money. The argument went that public markets had less risk because they have stricter audits, governance. In private equity, you also have to find a buyer and negotiate a price and terms of your private equity stake. Stocks that are traded … Continue reading How to think about risk in Blockchain, Private Equity, Public Markets
When I came out of my own startup in 2002, I decided to focus my efforts on public land preservation and low-income housing. I signed a bunch of different (financial) products, and quite frankly didn't know much about US products, closed-end funds, and tax implications. When I had to restructure our family trust, I had … Continue reading $125M Evergreen Fund
A family trust and family investment fund comes with many products I am not as familiar with as I would like to be. Of course, I know the basics of the financial instruments -- public equities, hedge funds, commodity trading, REITs, farmland, etc. ... but that is like saying "I understand what a Preferred Series … Continue reading Public Equities: 2022 Outlook