Turn of the year

A turn of the year is always characterized by reflections on the past and the future. The passing of the present to the past as well as of an expected future to the present offers the opportunity to analyse a longer period of time. It also offers the opportunity to escape the “time compression” of the digital world and to place events in a reasonable time frame. But what is time and…


Algorithms in the financial world

Modern societies are characterized by digitalization, through which a vast amount of data can be obtained and processed. The Latin word digital (digitus = finger) is still used in medicine as well as in colloquial language to refer to the finger. In EDP, however, it means gradually, broken down into individual steps. This is in contrast to analog (smooth, continuous). In a digital clock, the…


Dictionary of Equity Market Terms

Given the corona and holiday season, some humour with a serious background is probably more appropriate than a theoretical discourse. The following selection of terms for the letters of the alphabet is not entirely arbitrary but is intended to entertain.   Alpha: Price gain or loss thanks to market-independent factors. A portfolio of solely alpha-positive individual stocks is the Holy Grail…


The dilemma of health versus economy

The emergency phase of the COVID 19 pandemic is slowly coming to an end. No government was prepared for it, and too many failed in the initial assessment but did what they could afterwards. In the current second phase, however, any mistakes will not be easy to excuse. The authorities must better identify the risk factors and take specific countermeasures. These must be explained to the people at…


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…


Risks associated with equity investments

After an upward trend for more than a decade, the first quarter of 2020 has once again made investors aware of the risks associated with equity investments. Although April recovered a good part of the losses, the reasons for this recovery are anything but sound. They are based on the expectation that everything will return to “normality” relatively quickly and that the damage done…


Investment parameters in the 2nd quarter 2020

Politics and economy Strict regulations in private and professional life are intended to contain or control the spread of the coronavirus. Aid packages of USD 2 trillion in the USA and EUR 540 billion in Europe are available to minimize the impact on the respective economies. Both are remarkable considering that the US is spending around 10% of GDP and that Europe was previously unable to agree…


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…


Corona - do what?

This blog post raises questions about what could be done to minimize the health, economic and emotional damage caused by the COVID-19 virus. You will also learn what pandemics could have to do with space travel and why exploring foreign planets and tracking down “extraterrestrial life” could be so difficult. The analysis should be a controversial basis for discussion.   1. Should…