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T&V Letter | Q4 2025
Equity markets are increasingly shaped by dominant narratives and rising concentration, with artificial intelligence at the centre of investor attention. A look at history shows that such phases are rarely permanent and often coincide with a widening gap between market leaders and fundamentally solid companies. This environment creates selective opportunities for long-term, quality-focused investors.
Thalmann & Verling Trust reg.
Jan 164 min read


T&V Letter | Q3 2025
AI is reshaping jobs, stablecoins are reshaping money: While fears of automation grow, the U.S. is using digital dollars to strengthen its financial power — and Ethereum is becoming the quiet backbone of this shift.
Thalmann & Verling Trust reg.
Oct 15, 20254 min read


T&V Letter | Q2 2025
The Swiss franc remains stable despite global currency weakness, thanks to solid public finances and credible monetary policy. The strong U.S. technology sector continues to be attractive for investors, even though exchange rates can impact returns.
Thalmann & Verling Trust reg.
Jul 14, 20254 min read


T&V Letter | Q1 2025
Open conversations about money, market uncertainty, U.S. tariffs in focus – and why diversification matters now more than ever.
Thalmann & Verling Trust reg.
Apr 14, 20254 min read


T&V Letter | Q4 2024
While Europe and Switzerland are struggling, the US market is once again dominating: the S&P 500 posted an impressive performance of 23.3%.
Thalmann & Verling Trust reg.
Jan 15, 20254 min read


T&V Letter | Q3 2024
Europe's life expectancy is 81.5 vs. 77.5 in the US, but a wealth gap remains, with US GDP per capita 30% higher than in the eurozone.
Thalmann & Verling Trust reg.
Oct 9, 20243 min read


T&V Commentary | Q2 2024
The Swiss National Bank (SNB) has cut interest rates again - for the second time in three months.
Thalmann & Verling Trust reg.
Jul 8, 20243 min read


T&V Commentary | Q1 2024
In the last five years, prices for single-family homes in the canton of Zurich have risen by 25%.
Thalmann & Verling Trust reg.
May 6, 20243 min read


T&V Commentary | Q4 2023
The year 2023 in one word: "The Magnificent Seven"
Thalmann & Verling Trust reg.
Feb 26, 20243 min read


T&V Commentary | Q3 2023
Successful investing is for patient people One of the biggest challenges in trying to focus on long-term goals as an investor is the...
Thalmann & Verling Trust reg.
Oct 13, 20234 min read
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