Vincent’s blog | Full Year 2018 Update

i-Cthru’s consolidated time weighted return for the Full Year 2018 is USD -12.6%; EUR -8.0%. This result is net of all trading costs, fees, dividend withholding tax for non-US clients and cost of protection of individual portfolio holdings. Do you know Australopithecus? Well, she is maybe not in your Instagram family/ friend circle or on WhatsApp, but you should look her up because she is likely your cousin albeit a very distant one. Australopithecus is very important to us because …

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Vincent’s blog | Q3 2018 update – Time waits for no one

i-Cthru’s consolidated time-weighted return over Q3 2018 is USD 1.93%; EUR 2.62%. This result is unleveraged, net of all trading costs, fees, dividend-tax withholding for non-US clients, and cost of protection of individual portfolio holdings. “Time waits for no one” – it is such a simple fact, but sometimes so complicated to comprehend. Everything we do seems to have an element of time in it and it is always humming along, unstoppable, uncontrollable and always moving forward with its atomic …

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Vincent’s blog | Financial Meditations

I am waking up very slowly; there is no alarm set for today. It is eerily quiet, just what I needed. I booked a boutique hotel for the weekend far away from it all, to recharge my body and mind. It has been hectic, and I felt it was time for a small break from the financial markets and never-ending news cycles: a time-out, unplugged from the connected world, so to speak. I look around my Philippe Starck designed hotel …

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Vincent’s blog | Know it all: stock market, knowledge, wisdom and happiness

It is 10:56 PM and it is freezing, but the January night is clear and beautiful in the moonlight above the eastern seaboard of the United States. I am getting ready for my midnight mission, which is to fly a “Big Ugly Fat Fellow” otherwise known as a B-52 or Stratofortress with a crew of eight and two MK-39 thermonuclear bombs. This will be a 25-hour non-stop patrol flight from Seymour Johnson Air Force Base in Goldsboro, N.C. We are …

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Vincent’s blog: Where do we go from here?

“A group of soldiers set out on a long navigation exercise in the Alps. The weather was severe and they got lost. After several days, with their desperation mounting, one of the men suddenly realized he had a map. They followed the map and managed to reach a town. When they returned to base and their commanding officer asked how they had made their way back, they replied, ‘We suddenly found a map.’ The officer looked at the map and …

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Performance Update Q3 – Lessons learned from Hurricane Irma

i-Cthru’s consolidated time-weighted return over Q3 2017 is USD 10.77%; EUR 7.49%. This result is unleveraged, net of all trading costs, fees, dividend tax withholding for non-US clients and cost of protection of individual portfolio holdings. Doubt is an unpleasant condition and to know that you can never be sure of anything is quite unnerving. This point was driven home this last summer when we were upgrading our house in Sint Maarten in the Dutch Caribbean. We were almost finished …

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Being at the right time at the right place: “How to benefit financially?”

By some estimates, the total number of human beings that have ever lived is about 110 billion, of which approximately 7% are alive today. The world population keeps growing every year, so, statistically, you might say more humans have a chance of being at the right place at the right time than at any given time before, right? Yes and, uh, no. Statistics and big numbers have a powerful way of suggesting the wrong answer. Just because more people play …

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Performance Update Q2 2017 – Vintage Investing

i-Cthru’s consolidated time-weighted return over Q2 2017 is USD 1.32%; EUR -5.43% and Year-to-Date USD 11.27%; EUR 3.32%. These results are unleveraged, net of all trading costs, fees, dividend tax withholding for non-US clients and cost of protection of individual portfolio holdings. If we want to understand the currency, bond and equity markets’ medium-term moves it makes sense to decrease our granularity so we can see the markets from afar in the light of liquidity. Liquidity, or the availability of …