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The foreseeable fall of a stock market darling

In the Canadian province of Quebec there was once a relatively average pharmaceutical company. But then some financial wizards of the McKinsey school of magic joined its top management, and they wanted to be big and powerful. Incidentally, at the

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Posted in Behavioural Finance, Financial Markets

Smart Beta = Very Stupid No-Alpha

In recent years a new category of investment products has emerged. Companies offering these products claim that they are able to systemically outperform a market index in the long run – a promise that has rarely been fulfilled within the

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Posted in Behavioural Finance, Financial Markets
“With a Steady Hand”
Welcome to the weblog of Karl-Heinz Thielmann, fund manager, financial analyst, economist and dedicated long-term investor.

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