Monthly Archives: April 2017

Some links

Intelligent thoughts on second and third order effects of electrical / fully autonomous cars. However with regard to car insurance it seems there are some unexpected side effetcs of this trend.

The Brooklyn investor has a look at the Jamie Dimons letter to JPM shareholders

Horzon Kinetics with some interesting observation on Index ETFs

Alpha Vulture on Italien Real Estate Funds. By coincidence also Ben from Wertart covers two of those vehicles in more detail.

Why Softbank bought Fortress (with a lot of stuff about “alternative” asset managers)

A pretty wide and deep view on what matters with regard to Brexit

Performance review Q1 2017 – Strategy update “Money Management”

Perfomance Q1 2017:

In Q1 2017, the blog portfolio gained +9,03% (including dividends, no taxes) against 7,77% for the Benchmark (Eurostoxx50 (Perf.Ind) (25%), Eurostoxx small 200 (25%), DAX (30%), MDAX (20%)). Since inception, the score is now +156,8% vs. 74,7% for the benchmark. The full details (and graph) as always on the performance page.

Some other funds that I follow have performed as follows in Q1 2017:

Partners Fund TGV: +10,88% 
Profitlich/Schmidlin: +5,56%
Squad European Convictions +8,81%
Ennismore European Smaller Cos 2,04% (in EUR)
Frankfurter Aktienfonds für Stiftungen +5,06%
Evermore Global Value +7,03%
Greiff Special Situation +4,13%

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Travel series (4): Flight Centre Group – Book review “Family Village Tribe: The Evolution of Flight Centre”

Flight Centre, the Australian based travel company is a company which is on 2 to do lists of mine:  The Australian list as well the travel series list. By chance I discovered that there is a book about Flight Centre. I decided to kick-off the analysis with this book review as part 1 of a Flight Centre analysis.

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The book covers the complete story of Flight Centre and its founders from the start in 1973 until 2013 and was written by an “insider”, a former employee who worked as head of the UK operations.

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