How Swiss property funds are valued, taxed, leveraged and traded.
10 articles
What the standard risk and performance measures actually tell you.
10 articles
Tokenized assets, the Swiss DLT Act, and what real-world value moves on-chain.
3 articles
The Sharpe ratio, a widely cited yardstick of risk-adjusted performance, measures return earned per unit of risk. What it captures well, and its four blind spots: it treats gains and losses alike, assumes well-behaved returns, can be inflated by smoothed prices, and stays a noisy estimate.
Jul 18, 2026 · 10 min read
Rebalancing returns a portfolio to its target weights to hold the risk you chose — not to chase return. Why its first job is risk control, where the conditional "rebalancing bonus" comes from, what spreads and stamp duty cost, and how to choose between a calendar rule and a tolerance band.
Jul 18, 2026 · 9 min read
"Risk" means three different things: volatility, drawdown, and permanent loss of capital. Why they sometimes diverge, why only the last one ends portfolios, and how leverage and forced selling turn a temporary decline into an unrecoverable loss.
Jul 18, 2026 · 9 min read
Every foreign asset hides a second bet: the currency. For a Swiss investor, the franc — strong and safe-haven — tends to rise when markets fall. What hedging does, why it costs roughly the interest-rate differential, and why foreign bonds are usually hedged but equities are a judgment call.
Jul 18, 2026 · 9 min read
Lose 50% then gain 50% and you are left with 75%, not par. Why the average of yearly returns always overstates compound growth, how volatility is paid for in compound return, and why stability is worth strictly more than choppiness at an equal average return.
Jul 18, 2026 · 8 min read
Management fees, transaction costs, spread, stamp duty, custody: an investment's cost stacks in layers, several of which appear on no fact sheet. Why one extra point of fees costs not one point but nearly a third of final capital over thirty years, and why cost is one of the few variables an investor controls.
Jul 18, 2026 · 8 min read