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Investing vs. Gambling: 79% of the French are Wrong
According to a 2025 study led by robo-advisor Yomoni, 79% of French people believe that betting at the lottery carries less risk than investing in the Stock Market. 65% of the French have never invested in the stock market, and have no intent of doing so. I was astounded when reading the poll, wondering how…
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+31.5% Portfolio Apr 2026: Not chickening out
Money-weighted annualized returns hit +28.4% (+31.5% cumulative), short of the previous snapshot’s high of +29.1% last Feb 2026. Market volatility remains elevated with Geopolitics still very much driving performance. Perf since start, Time Weighted +39.3% Perf since start, Money Weighted +28.4% Cumulative perf since start, Money Weighted +31.5% Performers 1-month € Gains Campine +1,088 LDC…
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+19.4% Portfolio Mar 2026: Untimely Liquidity
On February 24, 2026, I fully committed fresh capital into two new positions: Aubay SA (EPA:AUB) and Campine NV (EBR:CAMB). This pushed the portfolio to 21 names, overshooting my self-imposed limit of 20: my annual bonus salary provided an opportunity to expand, but it has also diluted the focus required for high-conviction tracking. Invested right…
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The Moneta Anomaly
On a winter morning off the Champs-Élysées, I stepped inside one of Europe’s best-performing small cap stock-picking firms. To find out what separates it from the pack. A few weeks before, past 1:00 AM on a Tuesday, I was caught in that hazy middle ground between a long workday and much-needed sleep. With a podcast…
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The race to €1 million
Yesterday, at the office, a co-worker in Paris wondered how much time it would take him to get to €1 million, if ever… and proceeded to complain about taxes making it impossible for Europeans to race expats in Dubai, or Singapore, to €1 million capital. I asked myself, can the European average salary allow enough…
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+29.1% Portfolio Feb 2026: Holding Steady
Bonjour! Do you know what day it is? It’s BUDGET DAY! The 11th day of each month. A discipline I started in 2012. I review my debts, assets, portfolio, costs, and whether I’m about to run out or cash or if I am flush. This month, I did not touch my portfolio. No rebalancing. Bought…
