Investor Letters & Interviews

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.

"It's hard to grasp how the best-performing stock of the last 20 years could spend the majority of that time with returns that would make you want to vomit.” - Morgan Housel PERFORMANCE Dear Partners & Co-Investors, In this partner letter I will cover the following: Business Performance vs. Portfolio (Stock) Performance My Thoughts On Achieving Above Average Returns How We Are Invested Why I Believe Our Investments Are Strongly Undervalued What We May Expect Business Performa

"We want to do business in such an environment, not because we like pessimism but because we like the prices it produces." - Warren Buffett

"There are two times in a man's life when he should not speculate: when he can't afford it and when he can." - Mark Twain

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

The time to invest is when you’re getting a lot for your money regardless of what the economy or markets will do the next day, month or the next 1-3 years.