Special Summer Edition
Special Summer Edition
The Quotedian - Vol VII, Issue 24 | Powered by NPB Neue Privat Bank AG
“In tennis, perfection is impossible... In the 1,526 singles matches I played in my career, I won almost 80% of those matches... Now, I have a question for all of you... what percentage of the POINTS do you think I won in those matches?
Only 54%.
In other words, even top-ranked tennis players win barely more than half of the points they play.”
— Roger Federer, Commencement Speech at Dartmouth
Dear Friends,
This is a very special edition of The Quotedian, as you probably already have noticed by the lengthy Roger Federer quote at the beginning.
We do not (yet) have a Swiss ex-Tennis Pro as our public relations guy, but our hitting rate in Portfolio Mangement is very high. Interested?
Contact us at ahuwiler@npb-bank.ch
Instead of making my usual deliberation we share with you our Quarterly Asset Allocation plus the accompanying chart book. It will keep you entertained enough - promised!
One housekeeping note: I may publish a Quotedian towards the end of the week, but if not, The Quotedian is going into summer recess is likely to be back somewhere around mid-August. Sporadic QuiCQs (www. quicq.ch) should still show up here and there :-)
Now, without further ado, please find the two documents for your enjoyment below:
As an explanation, the NPB Global Asset Allocation document is kind of the “executive summary”, where the CIO Office Chartbook contains chart goodies.
André
Everything in this document is for educational purposes only (FEPO)
Nothing in this document should be considered investment advice
The views expressed in this document may differ from the views published by Neue Private Bank AG
Past performance is hopefully no indication of future performance