Never
in recent history have we seen greater opportunities for growth and
improvement of human well being than in these days. The United Nations
in 2001 set as goal No. 1 the reduction of extreme poverty in the world
by 50% until 2015. This ambitious goal was reached in 2010, five years
ahead of time. This impressive performance stands up high in history
and was built on free trade and the spreading of market economies in
Europe and Asia.
We are convinced that this development will continue. Young talent, new
technologies, sinking cost of raw materials and energy will create
opportunities in existing and new markets.
This is a fertile ground to invest and engage capital. We believe that
capital is a very valuable resource in our economy. We also believe
that capital is a scarce resource and that it deserves a decent reward.
Capital in its monetary form can be stripped of its value by inflation.
By the same token it can gain in value as prices of goods fall. There
is more than one indication that this is the world we live in today.
Central banks can reduce interest rates on their own money, but they
are not able to influence in the longer term real rates of interest of
capital. The latter is made in the world of real goods and services,
and this world is engaged in a long cycle of unabated growth.
To assist you to weigh chances and risks in this world and make good and successful decisions is our goal.
We are looking forward to talking to you.