Swiss Entrepreneur & Investor. #nuance #Switzerland #politics #economics #investing #privateequity #finance #manixer #gstaad @huusgstaad
Geneva, Switzerland
Joined September 2009
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#AskPreet We can admire US legal system; easily name terrible systems (autocratic countries). Western democracies generally good. Can you name a specific country (not-US) you believe has a distinctive and admirable legal system and explain why? Geneva fan
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Incident in #zug #Switzerland #loveswitzerland: Police shoot agitated cow that injured three people. Home page of my local paper @tdgch today
Fan of @elonmusk but this is objectively bad news. He is a carbon-based human who can choke on a pretzel like all of us - heaven forbids. Then what? washingtonpost.com/technolog…
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Super proud of my team at huusgstaad.com. Crushed it for Q1 this year. #switzerland #gstaad #entrepreneurs #hospitality #hotels
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#Switzerland should eliminate #wealthtax and compensate by introducing an #inheritancetax (above CHF 25 million). Much fairer and entrepreneurial. Best country to do business in the world.
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Why so difficult to benchmark / compare performance of #PrivateEquity .. managers present performance based on cash-flow, not commitments. misleading. only super-pros get it
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About to enter my fifth season as an accidental hotelier huusgstaad.com/en/. Love it. #gstaad #switzerland
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Just finished: Truman by David McCullough amazon.com/dp/B000FC0VVQ/ref… via @amazon .. excellent.
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There is one main threat to western democracies. The extreme 10% on the left and right. The main objective of the middle 80% is to squash these extremes then debate, vote on and follow the democratic outcome.
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This is my 30th year as a professional investor with a focus on #privateequity. Still shocks me how the smartest and wealthiest entrepreneurs, professionals and families are so illiterate when it comes to investing.
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I find the dramatic drop of #nasdaq puzzling. Arguably, the components are less susceptible than S&P and SPI (Switzerland, my area of interest) to monetary tightening, higher interest rates, supply chain issues, etc. Demand for tech is super high. Huh?
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No advice, just facts. According to my Bloomberg terminal, Meta / Facebook is trading at 8.4x Total Market Value to EBITDA down from 15.9x in 2021. No debt. About $48 billion in cash. Analyst recommendations: 43 buys, 15 holds and 3 sells. Conclusion?
I have been meditating almost daily since December 2021 using @SamHarrisOrg excellent app #wakingup. I want to endorse unequivocally, but I am not sure that I can. Does the practice create some existential gloom? More experience required.
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Insight starting my 30th year as a #privateequity investor. For non-tech investment, #PE investment firms primarily add value through #leverage / #debt. More important, they control when investors exit / sell their investments.
#AskPreet please add your normative opinions in the excellent new segments where you explain to us non-lawyers nuances about US law. For example, what are your thoughts on grand juries? Are they effective, superficial or hinder justice? Big fan from Switzerland.
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