Economic and Real Estate Outlook Switzerland

We provide a brief overview of how Swiss real estate is affected by the Corona crisis. While residential real estate should be less affected, office real estate and shopping centers will come under pressure. Legal uncertainty prevails about owed rents for premises that were not allowed to be used for business purposes due to the lockdown.   Biggest economic slump since 1975 in Switzerland…


COVID 19 pandemic - a challenge at all levels of the company and an opportunity for new ideas

On Wikipedia the coronavirus pandemic is described as an outbreak of the newly emerged respiratory disease COVID-19. This disease first became apparent in December 2019 in the megacity of Wuhan in the Chinese province of Hubei, developed into an epidemic in China in January 2020, and finally spread rapidly to a pandemic worldwide. Due to this novel and very aggressive disease, all people…


Facilitation of customer identification due to Covid-19

The coronavirus still has a firm grip on the world and makes our everyday life considerably more difficult. FINMA takes this situation into account on an ongoing basis and has already issued three supervisory notices in connection with COVID-19, in which it provides for relief for supervised financial institutions. Such facilitation concerns, among other things, the provisions on combating money…


Careful share purchase, negligent sale

The old stock market saying “cut your losses and let your profits run” is also understandable to the layman and needs to be proven neither empirically nor theoretically. Nevertheless, stock portfolio managers have difficulties in following this guiding principle and its implementation is inadequate. These conclusions of the book “selling fast and buying slow“, published in…


The game with the fire of debt

Debt is part of the economy, like its counterpart assets and the trade in physical goods. The credit system made a major contribution to the fact that economic development has been consistently positive since industrialisation and society has been able to benefit from it. Whereas the balance of debt/credit had remained more or less in equilibrium until the 20th century, it is now worryingly…


Tesla

Tesla is “worth almost as much as the entire European automotive industry”. Who is goofy? Me and European car engineers or some investors?   We show that Tesla is worth almost as much as the entire European automotive and automotive supply industry together. In addition, Apple has achieved a higher market capitalization than all DAX 30 companies together. What do you think about…


The Pavlovian Dog Investor

We explain a classical experiment for which the Russian researcher Ivan Petrovich received the Nobel Prize in Physiology / Medicine in 1904. We explain modern central bank experiments for which Stockholm will hopefully not award a Nobel Prize and which actually belong in the realm of financial satire.   The Pavlovian Dog The Russian researcher Ivan Pavlov observed that the owner’s…