𝐓𝐡𝐞𝐫𝐞 𝐢𝐬 𝐚𝐥𝐰𝐚𝐲𝐬 𝐚 𝐛𝐮𝐛𝐛𝐥𝐞 𝐬𝐨𝐦𝐞𝐰𝐡𝐞𝐫𝐞. Timing the market is hard. It is difficult to successfully enter and exit the bubble as their beginning and ending are hard to determine. The list of bubbles is constantly supplemented with additions and cool acronyms. Whether it is Tulip Mania, Japan’s Nikkei, Russian stocks, US Dotcom, US Housing,…

Top US universities’ endowments have faced difficulties in recent years and they continue to face challenges. Returns for years 2022 and 2023 have been hit hard as valuation corrections emerged in private and public markets. In FY2023, Yale’s endowment recorded a 1.8% annual return, while Harvard’s endowment reached a return of 2.9%, which is significantly…

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐚𝐬𝐬𝐞𝐭 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐔𝐥𝐭𝐫𝐚 𝐇𝐢𝐠𝐡 𝐍𝐞𝐭 𝐖𝐨𝐫𝐭𝐡 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 (𝐔𝐇𝐍𝐖𝐈𝐬), 𝐩𝐞𝐨𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝐚 𝐧𝐞𝐭 𝐰𝐨𝐫𝐭𝐡 𝐨𝐟 𝐔𝐒𝐃 30 𝐦𝐢𝐥𝐥𝐢𝐨𝐧? Knight Frank – The Wealth Report, which is based on a global survey of over 500 wealth managers, family offices, and private bankers provides some insights (full report in the link below). There were…

Investors are seeking high premium to hold the riskiest European debt. High-yield bonds with CCC and lower credit ratings are experiencing widening spreads in Europe and just reached 18% for the riskiest businesses. The spread is expanding due to growing fears of economic uncertainty and slowdown combined with higher rates for longer are pushing expected…

𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐚𝐫𝐞 𝐬𝐞𝐞𝐤𝐢𝐧𝐠 𝐡𝐢𝐠𝐡 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐭𝐨 𝐡𝐨𝐥𝐝 𝐭𝐡𝐞 𝐫𝐢𝐬𝐤𝐢𝐞𝐬𝐭 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐝𝐞𝐛𝐭. High-yield bonds with CCC and lower credit ratings are experiencing widening spreads in Europe and just reached 18% for the riskiest businesses. The spread is expanding due to growing fears of economic uncertainty and slowdown combined with higher rates for longer are pushing expected…