Redistribution of wealth … the other way round

Redistribution of wealth … the other way round

Each fund manager a compelling story and a compelling experience, set of skills and/or track-record to boast. Some years or decades ago, hedge funds were the most popular ones deserving the highest fees, in the last years they have been in decline in terms of...
Tax imperialism, fairness, or “historic” farce?

Tax imperialism, fairness, or “historic” farce?

Already at the end of March the U.S. was reported considering a global minimum tax rate. If your national debt is going out of control and are at risk of losing competitiveness, well, it makes sense egoistically to try and make other countries less competitive, less...
Cryptos, environment and big picture

Cryptos, environment and big picture

The China crackdown on cryptocurrencies, ranging from mining to trading, from payments to investment products, covering most of the value chain, was seen in the West (at least this is my impression) mostly as a speculative headline. Just to cite two sources see this...
IPO: no cows involved

IPO: no cows involved

Last week the oat milk company Oatly went public, pricing the IPO at a level yielding a market cap of ca 10bn dollars, then rising in the first few days quite a bit above that. In line with this post on IPOs and underlying company profitability, the IPO was very...
Lessons from the Eurovision music contest

Lessons from the Eurovision music contest

This weekend the annual Eurovision contest took place, with one singer/group from various European (in a broad sense) countries competing. Italy won, followed by France and then Switzerland third. For those who don’t follow it (and I have to admin this was the...