Investor Letters & Interviews

Net savers should welcome falling stock prices rather than fear them. Lower valuations allow you to buy more shares of great businesses at a discount. Strong companies also capitalize on downturns by out-investing rivals, acquiring competitors cheaply, and repurchasing undervalued shares. Since timing the market is futile and prices eventually reflect intrinsic value, market drops represent prime buying opportunities rather than causes for concern.

After exiting, design your life first—then your wealth strategy. Clarify: purpose, freedom, health, relationships. Deploy a 3-pillar architecture: Pillar 1 (18–24 months living expenses), Pillar 2 (long-term compounding), Pillar 3 (ventures). Conventional management costs you €12M+ over 20 years. RICHTWERT differs: 100% founder capital invested, zero fees, 25% profit share only above 6% hurdle.

As an entrepreneur and business owner, an active member of founder communities, and the steward of capital for many post-exit founders, I have witnessed the most common and costly investment errors firsthand for a quarter of a century. By sharing them with you, I hope to protect you from repeating the same.

RICHTWERT Ranks 3rd out of 296 Global Value Funds

Tariffs are dominating headlines, but what do they actually mean for businesses, why are they rising and how can investors protect...

“I believe Costco does more for civilization than the Rockefeller Foundation. - Charlie Munger

With record-low interest rates inflating asset prices and punishing savers, investors should avoid negative-yielding bonds and exercise caution with real estate. Equities offer better relative value. To protect capital, passive investors should dollar-cost average into broad, low-cost index funds, while active investors should target high-quality, financially strong companies with durable moats that can endure or benefit from rising interest rates.

Investors often mistake volatility for risk, seeking certainty by holding low-yielding cash and bonds that lose purchasing power to inflation over time. Real risk is this long-term loss of purchasing power, not short-term market fluctuation. While crises are inevitable, productive businesses and diversified equity index funds have historically proven resilient, significantly outperforming "safe" assets and generating superior long-term wealth for disciplined investors.