Opinions

2019-04-18

King of the (Dance) Floor! (part 2) – Smart Moves & “Happy” Returns!

In 2013, Pierre Cloux was writing about a new investment in a company called Forbo. In this month's opinion, find out what has happened since.
2019-03-12

“Can Pandas fly?” (1) – A visit to Chengdu and to The 90-bagger Dragon!

In this article Pierre Cloux shares his account of a recent trip to China, discovering this fascinating country, analysing its fast growing economy and visiting production sites of the companies he is invested in.
2019-02-26

Valiant – let’s bank on it!

In this month's opinion, find out about Valiant's development plans and a travel note from Pierre Cloux in China.
2019-01-07

“Nerve-racking pain and teeth-pulling strain“ Let’s list the 2018 Razzie Nominations!

In this month's opinion, Pierre Cloux Lists the 2018 Razzie Nominations.
2018-12-04

Seeking wisdom III - About Change & the Fallacy of Predictions

Don’t believe people who say they can forecast unforeseeable variables. Nobody can forecast interest or currency rates, the GDP, turning points in the economy, the stock market, etc. Massive amounts of information, advanced computers of fancy mathematical formulae don’t help. According to Warren Buffett, the Sage of Omaha, to believe the precision that they project is a chimera. In fact, such models can lull decision-makers into a false sense of security and thereby increase their chances of making mistakes.
2018-11-06

We need to talk about Aryzta!

Sometimes in life (i.e. in the life of a fund manager!) grace comes in the form of a punch in the face and sometimes in life (i.e. in the life of a fund manager!) I eat humble pie. I need to tell you about Aryzta.
2018-10-29

2018: The Return of the Bear Market?

With 2017 having been a year of rising stock markets and low volatility, 2018 has very much ensured that investors do not forget that markets can also fall. Nevertheless not all downturns have been alike and the one we are seeing today is very different to the correction we saw at the beginning of the year.
2018-08-15

Kuehne & Nagel has “mojo”

In this month’s opinion, find out if Kuehne & Nagel still has its mojo.
2018-07-13

Seeking Wisdom II – Beware of “systems thinking”!

In this month’s opinion, Pierre Cloux uncovers the curious human behavior of system thinking.
2018-06-15

Seeking wisdom – On a pilgrimage to Omaha

In this month’s opinion, join Pierre Cloux on his adventure to Omaha.