FinTech. Many industries have already been turned upside down by digitisation. Patrick Lemmens and Jeroen van Oerle are convinced that it is now the turn of the financial industry to Robeco. They identify winners and losers.
Panel of experts. The uncertainty on the capital markets is greater than ever before. Investors urgently need orientation. The Lerbach round gives answers to the ten most important questions zum Jahreswechsel - from stock allocation to customs disputes.
There is only one topic in the financial community at the moment: Has the global upswing in stock prices that has lasted since 2009 come to an end and will we have to adjust to falling prices, a bear market, in the future? However, this discussion always relates to the major indices. Wer takes a closer look, it recognizes that the bear has already struck in large parts of the market long ago. The share prices of dozens of well-known companies are 40 to 60 percent below their highs at ersten Halbjahr. Among them are many that belong to the crème de la crème of German industry - Bayer, Covestro, Siltronic, Osram, Schaeffler, Wacker Chemie and many, many more. Anglo-Saxons speak in this case of a Stealth Bear Market - a bear, which rages under...
Gaby Aghion revolutionized the French fashion world in the 1950s with six dresses. Her company Chloé became a fashion institution. And her concept of wearable fashion at an affordable price - prêt-à-porter - becomes the leitmotif of an entire industry.
Lack of money is certainly not the reason why Gaby Aghion becomes an entrepreneur. As the youngest of seven daughters of the successful tobacco producer Hanoka and the wife of the wealthy cotton scion Raymond Aghion, she could have led a comfortable life in Alexandria. But when the situation becomes more difficult for the Jewish residents there in 1945, the couple does not think twice: the world war is over and Paris, the city of elegance, is to become the new home of the two 24-year-olds....
while everyone's worried about the Atlantic, disaster threatens our own front door. It's about the euro. When Germany agreed to monetary union, the rules were clearly defined. No Member State is liable for the liabilities of the other. The central bank is prohibited from directly acquiring government bonds. And they all commit themselves to respecting deficit limits.
The current issue of "How to invest it" focuses on our annual meeting with the Lerbacher Runde. An exclusive circle of bankers, family officers, asset managers and economists will discuss the perspectives for the economy, monetary policy and capital markets intensively for one day. Carefully balances opportunities and risks. And then defines a suitable, long-term investment strategy for wealthy private investors. True to our motto: Every private wealth story must be conceived in such a way that it will still be relevant in one or two years, but this time in the discussion with the Lerbach Round Table we have reached the limits of this resolution in some points.