Investment gurus such as Warren Buffett have it ingrained in their very DNA: Investing is like playing any sport whilst focusing on the game itself, whereas doing so whilst focusing on the score is pure speculation. The matches, the championships and the well-deserved glory go to those who focus on the pitch – on constantly improving their strategy and competitive skills when selecting companies in which to invest – rather than on the absurd speculation of managing a digit displayed on a neon sign, which, incidentally, is as volatile as our own incompetence.
Buffet – like the rest of the world’s top multimillionaire investment gurus – never tires of repeating this over and over again, in every possible way, as in his latest annual letter, where he also discusses the few property investments he has made throughout his life. Well, few, that is, if we do not take into account that every investor, when buying shares in a company, is at the same time acquiring a proportionate share of the property assets that the company owns, of course. (more…)
The party continues. Following the rallies on the American and European stock markets – particularly the Spanish one – it seems that most investors are set to stumble over the same old stumbling block once again. When? It’s impossible to say for certain, but what is certain is that the stumbling block is there and investors, giddy from such a rally, are running about like headless chickens. And what is this stumbling block that so many are set to trip over? Well, logically, it’s the valuations in developed stock markets, which are by no means cheap any longer – not to mention that they’re already starting to look expensive. Especially when we bear in mind that corporate profits are at record highs and interest rates at record lows, which inevitably brings us closer to the end of this cycle and the start of the next.
The concept is new and meets a logical and increasingly common need in a globalised world. It is common knowledge that Family Offices are companies or groups of professionals that are essentially dedicated to the management and control of the assets of one or several families, as well as to attending to all aspects that may affect these family groups, such as taxation, legal advice or assistance in family logistics and concierge services (concierging), among others. But the new figure that has appeared for the users of a Family Office (whether they are Clients of a Multi-Family Office, or owners of a Single-Family Office), is that of the Outpost FO, or global support network for a Family Office. 
Here’s the 30-minute video by global macro management guru Ray Dalio (
China’s new financial experiment covers an area of 29 km²: Shanghai FTZ. A «free trade zone» in which the Communist Party’s economic restrictions are lifted as if by a stroke of political policy. In this financial centre, international investors will be exempt from the investment restrictions that apply elsewhere in China. And, note this: in this artificial oasis, the Chinese currency, the Renminbi (RMB), will be freely traded, as will its interest rates!.jpg)
