2020

Private equity has been bashed recently in a number of articles. Who makes the real money: the investor or the managers? Read the answer in this paper. (Spoiler: no surprises.)

‘Trump thought I was a secretary’: Fiona Hill on the president, Putin and populism

How Mitch McConnell Became Trump’s Enabler-in-Chief

A marriage made in hell; Trump and McConnell in this article from The New Yorker, April 12, 2020.

I am neither a historian nor a political analyst, thus this brief comment is not about history or politics. It’s about investing and the meaning of ‘entrusting’ your money to anyone. For the record, I also have nothing against Argentina, Russia or anyone else in this world; I pick issues that I find useful in guiding my investment decisions.

Every year, on the occasion of The World’s 50 Best Restaurants, I have the good fortune to travel the world with my friends and colleagues from the restaurant Relæ. For us, being featured on this list, year after year, is a great privilege. Traveling with friends, eating in restaurants I have always dreamt of visiting, meeting new people, building relationships and partying are for me great sources of inspiration and motivation.

Is inflation dead?

Reading through various sources – academic or otherwise – you would be forgiven if you thought so. After all there is even a new monetary theory that appears to be heavily relying on that fact for it to make sense.

We live in a world of misinformation. Every time I try to forget that, I am faced with some new tweet or declaration by Trump whose only leadership quality appears to be the domination of this art form.

It’s very important to know where you stand, particularly in terms of your investments. Most people don’t consider the issue nearly as seriously as they should and because of that they end up in real trouble.