• CONCENTRATED ENERGY.

    Entrepreneurship. Sven Bauer has made the BMZ Group a global player in the energy storage sector.
  • CONCENTRATED ENERGY.

    Batteries are my great passion. Batteries and energy stores fascinate me.
  • CONCENTRATED ENERGY.

    We can only control climate change if we no longer use fossil fuels - no oil, no gas, no coal.
  • CONCENTRATED ENERGY.

    Only if all areas - electricity, transport and heat - are decarbonised is a genuine energy turnaround possible.
  • CONCENTRATED ENERGY.

    Different experts are needed to deliver battery packs for a wide range of applications.
  • CONCENTRATED ENERGY.

    To become more independent of Asian suppliers, BMZ is investing in battery cell production in Germany.
PRIVATE-WEALTH.DE

Between hope and sorrow.

Dear Readers, The ifo business climate rose in March for the first time in six months. This, at first glance, good news, however, is put into perspective when looking at the individual areas. The service sector, trade and construction were responsible for the increase. In industry, which is regarded as a sentiment indicator for the global economy and the stock markets, the decline continued steepl...

No all-clear for the economy

on 25 February 2019

Dear Readers, The ifo business climate continued to fall in February. The worries in the German executive floors are increasing, according to the Munich economic researchers. The results of the ifo survey and other indicators would point to economic growth of 0.2 percent in the first quarter of 2019. After a minus of 0.2 percent in the third quarter and a black zero in the fourth quarter of 2018,...

Capital market seismograph becomes more positive, economic outlook remains critical

on 11 February 2019

Dear Readers, "The probability distribution of future stock market developments has just fundamentally changed. We are still a long way from the positive figures that prevailed until autumn 2018. But the sharp decline in the probability of negative turbulence suggests an increase in the equity quota," analyses Oliver Schlick, who recalculates the capital market seismograph every four days. As you...

Economic risks intensifying

on 28 January 2019

Dear Readers, The ifo business climate continued to decline significantly in January. In the German executive floors, the Munich conuncture researchers write, the restlessness is growing. In fact, all components of the ifo business climate declined. The collapse of expectations for the coming six months was particularly drastic in the retail and manufacturing sectors. As you know, we are monitorin...

2019 begins in crisis mode

on 07 January 2019

Dear Readers, "the monthly comparison of the probabilities of the capital market seismograph reflects a crisis situation on the stock markets," informs Oliver Schlick, who recalculates the capital market seismograph every four days. As you know, the capital market seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = in...

In the year 2019 sowing will take place.

on 28 December 2018

Dear Readers, it's been a turbulent year. What began in an exuberant mood - economic and profit expectations were massively revised upwards at the beginning of 2018 - now ends in minor. Economists are cutting their growth forecasts, stock prices are falling. Investors look to the New Year with concern. One of the best leading indicators signaled this trend reversal in good time. In February 2018,...

The economy continues to cloud over.

on 11 December 2018

Dear Readers, The ifo business climate in November did not reverse the trend. The most important component for us - the industry's expectations for the future - has continued to decline. The ifo traffic light is now also "red" again. Red traffic light values make a contraction of the economy more likely than an expansion.

The weather is getting a little more relaxed.

on 20 November 2018

Dear Readers, "the thunderstorm front, which led us to completely dismantle our shareholding two weeks ago, has now dissipated somewhat," informs Oliver Schlick, who recalculates the capital market seismograph every four days. As you know, the capital market seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest,...

Stock market indicator remains negative.

on 27 October 2018

Dear Readers, The ifo business climate is pointing downwards again in October. The most important component for us - the expectations in industry for the future - also fell back after a twofold increase. After a brief recovery, the mood in the export sector has also been dampened. The ifo traffic light has thus switched from "green" to "yellow". At yellow traffic lights, the ifo Institute assumes...

Capital market seismograph warns of stock market storm.

on 23 October 2018

Dear Readers, "The pace at which the probability of a bear market increases is worrying," informs Oliver Schlick, who recalculates the capital market seismograph every four days. As you know, the capital market seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest, but with hedge) and "red" (turbulent market with...

Capital market seismograph says "sell."

on 17 October 2018

Dear Readers, The new data of the capital market seismograph reach us just now. "The climate shift on the capital market, which has been the subject of discussion for quite some time, is now reflected in the probabilities of the seismograph and leads to the recommendation of a strong reduction in the share quota", Oliver Schlick informs, "the advice is to reduce the weight of shares considerably....

Italy's crisis - whether the new government will endure is crucial

Dear Readers, we have read a lot about the topic "Italy" in the last days. Lucas Daalder, Robeco's chief investment strategist, wrote a very good summary. Of particular interest is his analysis of the distribution of Italy's public debt. Contrary to what is often said, Italy is obviously not primarily indebted to its own countrymen. Major creditors are foreigners (35 per cent) and central banks (j...

ECB strategy is positive for the stock market.

Dear Readers, The European Central Bank has given concrete form to its medium-term policy guideline. It will continue its bond purchase program until September 2018, but will reduce the monthly purchase volume from currently 60 to 30 billion. However, the Lerbach Round does not see this as a fundamental turnaround in monetary policy. Instead, it interprets the ECB's plan as a signal that monetary...

Lerbacher Runde urges caution.

The slight easing in the trade conflict between the USA and the European Union makes it less likely that Donald Trump - as originally announced - will now be able to increase customs duties on cars from the EU in the near future. However, according to the Lerbach Round Table, the trade issue is far from being off the table for investors. In the dispute between the USA and China there are still no...

Ifo-Klima again calls for caution.

on 02 October 2018

Dear Readers, The Munich-based ifo Institute presented the August results of its survey on the business climate and business expectations. According to the report, the mood in the German economy has deteriorated noticeably recently. The important expectation component in the manufacturing industry has even fallen below its long-term average. This puts the industry back in the downturn quadrant of...

Fulminant recovery in the Ifo climate.

on 02 October 2018

Dear Readers, A month ago there was still reason to fear that the German economy would fall into a downturn scenario in the autumn. The current results of the Ifo business climate index have impressively wiped this fear aside.

Economy still ok - but a political thriller threatens.

on 02 October 2018

Dear Readers, Following its rapid rise in recent months, Germany's most important economic indicator has entered the reverse gear. Although the ifo business climate remained at a high level in November, expectations in industry declined slightly. Obviously, the discussions about Donald Trump's future trade policy have already slightly dampened export expectations.

A conciliatory end to the year

on 02 October 2018

Dear Readers, The ifo economic indicator ended 2016 with an optimistic trend. After the decline in November, business expectations in industry improved again. Export expectations, which are so important for Germany, also increased in view of the falling euro exchange rate and the resulting improvement in price competitiveness.

"Positive signals from Wall Street."

on 02 October 2018

Dear Readers, The team led by Professor Dr. Rudi Zagst of the Technical University of Munich has just sent us the latest data from the capital market seismograph. As you know, the scientists distinguish between three phases in the US equity market: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest, but with hedge) and "red" (turbulent market with negative...

Full steam ahead.

on 02 October 2018

Dear Readers, The Ifo business cycle indicator has made up for last month's decline. It is noteworthy that companies are now assessing their current situation better than they have been for more than five years. There is no doubt about it: Germany is in the midst of a veritable economic boom. The fact that expectations for the coming six months have improved even further in this situation is asto...

« »

Between hope and sorrow.

Dear Readers, The ifo business climate rose in March for the first time in six months. This, at first glance, good news, however, is put into perspective when looking at the individual areas. The service sector, trade and construction were responsible for the increase. In industry, which is regarded as a sentiment indicator for the global economy and the stock markets, the decline continued steepl...

No all-clear for the economy

on 25 February 2019

Dear Readers, The ifo business climate continued to fall in February. The worries in the German executive floors are increasing, according to the Munich economic researchers. The results of the ifo survey and other indicators would point to economic growth of 0.2 percent in the first quarter of 2019. After a minus of 0.2 percent in the third quarter and a black zero in the fourth quarter of 2018,...

Capital market seismograph becomes more positive, economic outlook remains critical

on 11 February 2019

Dear Readers, "The probability distribution of future stock market developments has just fundamentally changed. We are still a long way from the positive figures that prevailed until autumn 2018. But the sharp decline in the probability of negative turbulence suggests an increase in the equity quota," analyses Oliver Schlick, who recalculates the capital market seismograph every four days. As you...

Economic risks intensifying

on 28 January 2019

Dear Readers, The ifo business climate continued to decline significantly in January. In the German executive floors, the Munich conuncture researchers write, the restlessness is growing. In fact, all components of the ifo business climate declined. The collapse of expectations for the coming six months was particularly drastic in the retail and manufacturing sectors. As you know, we are monitorin...

2019 begins in crisis mode

on 07 January 2019

Dear Readers, "the monthly comparison of the probabilities of the capital market seismograph reflects a crisis situation on the stock markets," informs Oliver Schlick, who recalculates the capital market seismograph every four days. As you know, the capital market seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = in...

In the year 2019 sowing will take place.

on 28 December 2018

Dear Readers, it's been a turbulent year. What began in an exuberant mood - economic and profit expectations were massively revised upwards at the beginning of 2018 - now ends in minor. Economists are cutting their growth forecasts, stock prices are falling. Investors look to the New Year with concern. One of the best leading indicators signaled this trend reversal in good time. In February 2018,...

The economy continues to cloud over.

on 11 December 2018

Dear Readers, The ifo business climate in November did not reverse the trend. The most important component for us - the industry's expectations for the future - has continued to decline. The ifo traffic light is now also "red" again. Red traffic light values make a contraction of the economy more likely than an expansion.

The weather is getting a little more relaxed.

on 20 November 2018

Dear Readers, "the thunderstorm front, which led us to completely dismantle our shareholding two weeks ago, has now dissipated somewhat," informs Oliver Schlick, who recalculates the capital market seismograph every four days. As you know, the capital market seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest,...

Stock market indicator remains negative.

on 27 October 2018

Dear Readers, The ifo business climate is pointing downwards again in October. The most important component for us - the expectations in industry for the future - also fell back after a twofold increase. After a brief recovery, the mood in the export sector has also been dampened. The ifo traffic light has thus switched from "green" to "yellow". At yellow traffic lights, the ifo Institute assumes...

Capital market seismograph warns of stock market storm.

on 23 October 2018

Dear Readers, "The pace at which the probability of a bear market increases is worrying," informs Oliver Schlick, who recalculates the capital market seismograph every four days. As you know, the capital market seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest, but with hedge) and "red" (turbulent market with...

« »

how to earn it

Concentrated energy.
25 May 2019 - Dr. Günter KastConcentrated energy.

Future technology. Sven Bauer, CEO and founder of the BMZ Group, has turned the company from Karlstein am Main in Lower Franconia into a global player [ ... ]

read more...
Extreme conditions.
25 May 2019 - Cornelia KnustExtreme conditions.

Hidden champion. When you dive, you need air - clean and safe. The compressor manufacturer Bauer from Munich is regarded as the market leader and indu [ ... ]

read more...
Technology transfer.
25 May 2019 - Dr. Ludger WeßTechnology transfer.

Innovation. When it comes to high-tech textiles, most people think of intelligent clothing with woven-in sensors or batteries. Technical textiles ar [ ... ]

read more...
Against the main stream.
25 May 2019 - Yvonne DöblerAgainst the main stream.

Entrepreneurship. Everything is different with Ulrich Kubak. And again and again. The majority shareholder of Klassik Radio AG from Augsburg broke all [ ... ]

read more...
It works.
25 May 2019 - Yvonne DöblerIt works.

Sustainable growth. A manufacturer of fresh natural cosmetics and dietary supplements from the Austrian province is conquering the bathrooms and kitch [ ... ]

read more...
New start in Brazil.
11 Dec 2018 - Sonderveröffentlichung: LIDE Deutschland GmbHNew start in Brazil.

Network. "The hope of a neo-liberal renewal of the Brazilian economy is linked to the new President Jair Bolsonaro," says Christian Hirmer, President  [ ... ]

read more...
The big jump.
11 Dec 2018 - Yvonne DöblerThe big jump.

Expansion. The Swabian family business Schweizer Electronic has an exciting past behind it. And an even more exciting future ahead. "Over the next ten [ ... ]

read more...
From the niche into the world.
11 Dec 2018 - Miriam ZerbelFrom the niche into the world.

Entrepreneurship. Six years ago, private wealth had told the fascinating story of Roland Arnold, a passionate family entrepreneur. His motivation was  [ ... ]

read more...
The survivor.
11 Dec 2018 - Gerd HübnerThe survivor.

Innovation. Over the past 30 years, NorCom has had to overcome many difficult situations. But every time, founder Viggo Nordbakk succeeded in reinvent [ ... ]

read more...

how to invest it

Hot phase.
25 May 2019 - Klaus MeitingerHot phase.

Future investments. The unavoidable damage caused by climate change and the massive changes in the transition to a low-carbon world will significant [ ... ]

read more...
I don't see unicorn mania.
25 May 2019 - Bernd SchrüferI don't see unicorn mania.

"The evaluation of the technology Unicorns Uber, Lyft,  Airbnb and Pinterest reflects their gigantic growth potential," says Bernd Schrüfer of th [ ... ]

read more...
Unicorns have fable ratings.
25 May 2019 - Hendrik LeberUnicorns have fable ratings.

"There is a lot of hope in the Tech-Unicorns' courses", Hendrik Leber of Acatis analyses. However, hope is usually a bad advisor when it comes to in [ ... ]

read more...
Godot's not coming.
25 May 2019 - Sonderveröffentlichung: B. Metzler seel. Sohn & Co.Godot's not coming.

Stock market strategy. The dynamism of the global economy has slowed noticeably. Drohen will there be a slump in company profits and share prices in [ ... ]

read more...
True sustainability.
25 May 2019 - Sonderveröffentlichung: Robeco DeutschlandTrue sustainability.

Strategy. The United Nations' sustainability goals are to be implemented by 2030. "For companies that do not support these goals, this means signifi [ ... ]

read more...
Time and spirit.
25 May 2019 - Dr. Annette DomsTime and spirit.

Art. The first Virtual Reality Museum was founded in 2016 by the Paris-based collector couple Sylvain and Dominique Levy. It manages one of the most [ ... ]

read more...
What we really need.
25 May 2019 - Sonderveröffentlichung: Columbia ThreadneedleWhat we really need.

Infrastructure. Those looking for stable and high-yield investments have long been able to find interesting investment opportunities in the infrastr [ ... ]

read more...
Welcome to paradise.
25 May 2019 - Klaus MeitingerWelcome to paradise.

Modern Monetary Theory. If the state wanted to spend more to stabilize the economy, it could simply print money - at least that is the "modern" mone [ ... ]

read more...
Waking up Sleeping Beauty.
25 May 2019 - Sonderveröffentlichung: Kriton Immobilien GmbHWaking up Sleeping Beauty.

Real estate. From old to new. In times of scarce land, the revitalisation and rededication of non-essential existing buildings on the company premises [ ... ]

read more...

how to live it

The bee family.
25 May 2019 - Antje Annika SingerThe bee family.

Pleasure. In the 1970s, Walter Lang decided to become self-sufficient. He soon became one of the pioneers of the organic movement in Germany. What a [ ... ]

read more...
A changing world.
25 May 2019 - Klaus MeitingerA changing world.

The private-wealth forum. On 25 January 75 geladene met guests from completely Germany in the hotel La mansion in star mountain 13 experts, in ord [ ... ]

read more...
On a discovery tour.
25 May 2019 - Thilo NatkeOn a discovery tour.

Thilo Natke is captain of the new expedition ship Hanseatic nature. For 29 years he has been sailing the seas between the Arctic and Antarctica, to  [ ... ]

read more...
Where the future stands on the c(l)ippe.
25 May 2019 - Dr. Günter KastWhere the future stands on the c(l)ippe.

Philanthropy. Zita Cobb, who has made a fortune in the glass fiber industry, wants to save her home Fogo Island in the Canadian province of Newfound [ ... ]

read more...
The end of privacy.
25 May 2019 - Sonderveröffentlichung: Merck Finck PrivatbankiersThe end of privacy.

Technology. Video camera systems and search engines monitor us almost completely. At the same time, digital helpers improve our health and make life [ ... ]

read more...
Infinite energy.
25 May 2019 - Hanns-J. Neubert Infinite energy.

Technology. Nuclear fusion could be the way to solve all mankind's energy problems in an environmentally and climate-friendly way for all time. Scie [ ... ]

read more...
Establishing and maintaining the family network.
25 May 2019 - Prof. Dr. Heiko KleveEstablishing and maintaining the family network.

From the research workshop. Entrepreneurial families with more than 50 members are not just families or business-related organisations. They are als [ ... ]

read more...
Perfect hosts.
25 May 2019 - Mariella Bauer

Hotel business. Owner-managed family hotels often have problems becoming internationally known. Susanne Gräfin von Moltke and Klaus-Dieter von Mo [ ... ]

read more...
Completely detached.
25 May 2019 - Miriam ZerbelCompletely detached.

Travel. More and more entrepreneurs enjoy the feeling of freedom and independence in a tailor-made motorhome. Beim Trendthema Land-Yachting are th [ ... ]

read more...

Opinionleader

New digital world.
25 May 2019 - Manfred BroyNew digital world.

"The digital transformation is changing the economy and society more drastically than ever before, [ ... ]

read more...
The future of the energy revolution.
11 Dec 2018 - Martin FaulstichThe future of the energy revolution.

"The energy revolution is a huge challenge," explains Martin Faulstich, until 2016 Chairman of the [ ... ]

read more...
"Now it's enough."
01 Oct 2018 - Dr. Peter Bofinger

The economist Peter Bofinger has always defended the monetary policy of the ECB. Why Mario Draghi  [ ... ]

read more...
Entrepreneurs must act now.
01 Oct 2018 - Florian KleinEntrepreneurs must act now.

Many companies in Germany are facing huge challenges. "Our scenario analysis shows how decision-ma [ ... ]

read more...
How families solve conflicts.
01 Oct 2018 - Sonderveröffentlichung: Professor Dr. Heiko Kleve (Wittener Institut für Familienunternehmen) How families solve conflicts.

From the research workshop. Entrepreneur families create rules and statutes that regulate life tog [ ... ]

read more...
"The cobalt boom is justified."
01 Oct 2018 - Abi Mukhta

"The high prices for cobalt and lithium reflect the current supply-demand situation," says Abid Mu [ ... ]

read more...
"It's a cobalt hype."
01 Oct 2018 - Christoph Eibl

"The prices for cobalt and lithium are currently significantly exaggerated. Viele Suppliers want t [ ... ]

read more...
Museums must reinvent themselves.
01 Oct 2018 - Dr. Florian Mercker

Should there be free admission to state museums or not? Florian Mercker, private-wealth art expert,  [ ... ]

read more...
Complicated new world.
01 Oct 2018 - Richard Smith-BinghamComplicated new world.

Richard Smith-Bingham, Director EMEA of the Global Risk Center at Marsh & McLennan, believes c [ ... ]

read more...

A letter from

Well meant is not well done.
23 May 2019 - Hans-Werner Sinn

A letter from ... Hans-Werner Sinn. The emeritus president of the Munich ifo Institute questions cli [ ... ]

read more...
Billionaires move the world forward.
11 Dec 2018 - Caroline Kuhnert

A letter from ... Caroline Kuhnert is responsible for high net worth individuals at UBS. Sie expla [ ... ]

read more...
Everyone has to be able to participate.
02 Oct 2018 - Prof. Marcel Fratzscher

A letter from ... Professor Marcel Fratzscher. The head of the DIW sees the current justice debate a [ ... ]

read more...
Protective layers.
02 Oct 2018 - Dr. Walther Michl

A letter from ... Dr. Walther Michl. The Academic Council at the Chair of Public Law and Europe [ ... ]

read more...
Become wiser.
02 Oct 2018 - Bernd Kolb

A letter from ... Bernd Kolb, who founded the Club of Marrakesh to give impulses for a better world. [ ... ]

read more...
"Is passive investing really better than active in...
02 Oct 2018 - Camille Thommes

A letter from... Camille Thommes. The Director General of the Association of the Luxembourg Fun [ ... ]

read more...
Greek tragedy.
02 Oct 2018 - Jochen Felsenheimer

Jochen Felsenheimer is Managing Director of XAIA Investment and reflects on the long-term consequenc [ ... ]

read more...
"I'm worried already."
02 Oct 2018 - Wolfgang Bosbach

A letter from ... Wolfgang Bosbach. The controversial member of the Bundestag reflects on politics,  [ ... ]

read more...
The end of sound fiscal policy.
02 Oct 2018 - Christian Jasperneite

A letter from... Christian Jasperneite; The chief strategist von M.M. Warburg & Co. warns tha [ ... ]

read more...
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