MONTHLY LETTERS, INVESTMENTUNIVERSE & STOCK IDEASMONTHLY LETTERS, INVESTMENTUNIVERSE & STOCK IDEAS Show all Monthly letters Monthly letter | Only in the darkness can you see the stars. – Martin Luther King, Jr. | November 202218/11/2022 Monthly letter | The British constitution has always been puzzling and always will be. – Queen Elizabeth II | October 202221/10/2022 Monthly letter | Democracy must learn to defend itself. – Mikhail Gorbatchev | September 202223/09/2022 Monthly letter | Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area – and our independence. – Mario Draghi | August 202210/08/2022 Monthly letter | Inflation is taxation without legislation. – Milton Friedman 1912-2006 | July 202227/07/2022 Monthly letter | Monetary tightening aimed at controlling inflation would end up hampering growth that is already weakening. – Fabio Panetta, ECB executive board member | June 202209/06/2022 Monthly letter | A nickel ain’t worth a dime anymore. – Yogi Berra (1925-2015), US baseball player | May 202219/05/2022 Monthly letter | Older men declare war. But it is the youth that must fight and die. – Herbert Hoover (1874-1964) | April 202227/04/2022 Monthly letter | If the freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter. – George Washington (1732-1799) | March 202229/03/2022 Monthly letter | I really want to piss them off (the unvaccinated people), and we’ll carry on doing this – to the end. – Emmanuel Macron | February 202202/03/2022 Monthly letter | Hong Kong people say Hong Kong needs to preserve its uniqueness. I say Hong Kong uniqueness is in its diversity, its tolerance of different cultures… China does not want to see Hong Kong decline. I have full confidence in its future. – Jack Ma | January 202220/01/2022 Monthly letter | There is no risk-free path for monetary policy. – Jerome Powell | December 202109/12/2021 Monthly letter | The winner takes it all. – ABBA | November 202130/11/2021 Monthly letter | The biggest risk is not taking any risk. – Mark Zuckerberg | October 202106/10/2021 Monthly letter | In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – Alan Greenspan | September 202103/09/2021 Monthly letter | Swifter, higher, stronger – Pierre de Coubertin (1863-1937) | August 202103/08/2021 Monthly letter | Sometimes it doesn’t take much to slip back into bad habits – Didier Deschamps | July 202107/07/2021 Monthly letter | The evils of government are directly proportional to the tolerance of the people – Frank Kent (1877-1958) | June 202107/06/2021 Monthly letter | Let’s just be smart this time. I’m looking for smart – Joe Biden | May 202107/05/2021 Monthly letter | Money has to serve not to rule – Pope Francis | April 202107/04/2021
