-
HIGH MARKET VALUES / THE TPA / RISK & REWARD / THE STOCK-BOND-OPTIMUM
Good morning from Andalucía in Spain. As I wrote recently I have the impression that market values are pretty high at the moment. Especially for the big tech stocks and thus for the S&P 500. So in order to have a little buffer for major setbacks I, for the first time in my life, bought… — read more
-
AI AINT STUPID BUT WE ARE
Some thougts on AI and stupidity “Her (Sarah Friar, OpenAI’s chief financial officer) comments set off concern amid rising unease over whether an industrywide A.I. spending frenzy can be sustained. OpenAI, Meta, Google, Microsoft and other A.I. companies are pouring billions of dollars into building data centers and related infrastructure to power the development of… — read more
-
LONG TERM INVESTING
and another one: buy good quality and just wait until you’re old 🤗 — read more
-
SCARY MARKETS
nothing new for my readers but always good to remind ourselves: — read more
-
US GOVERNMENT MEDDLING INTO COMPANIES
I once believed that government meddling in the strategic and tactical decisions of companies was the hallmark of totalitarian regimes. But recent events have made it clear: the United States plays that game too. By my definition, that makes the U.S. a totalitarian state—and for me as an investor, that’s all the evidence I need.… — read more
-
GONDINERO INDEX JULY 2025
In July 2025, the global economy proved surprisingly stable. The International Monetary Fund (IMF) slightly raised its forecast, expecting around 3% growth this year. This is mainly due to strong business activity in the US and China, along with new government stimulus measures. In the US, inflation (the general rise in prices) remains slightly elevated,… — read more