top of page


Issue May/2023


Debate on ChatGPT with a historical twist

Issue Mar/2022

Image by Jordy Meow

The peace dividend in tatters

Issue Apr/2021


Terra incognita

Issue Mar/2020

Pythia Investment Letter Valère Consulting

The journey matters more than the destination

The godmother of our Investment Letters is Pythia, High Priestess and Oracle of Delphi. When Croesus, the King of the Lydians, who was famous for his wealth, asked the Oracle for advice before a military campaign, Pythia is said to have answered: “If you cross the Halys River, a great empire will be destroyed.” He did cross the border river though – and thus caused his own empire to be destroyed.

A false interpretation had caused a catastrophe, while the correct interpre-tation would have averted the disaster. 


Issue Apr/2024

Crafter 2024 Q2_by Pixabay.jpg

Differing challenges lead to divergent paths globally

Issue Jan/2024

Crafter 2024 Q1_ by Canva.png

Smooth sailing for an economic recovery? Not quite: The challenges persist

Issue Oct/2023

Crafter Q4_ by Canva.png

National economies grip their crutches due to restrictive money policies

Issue Jul/2023

Crafter Q3_ by Canva.png

A foot in both camps

The name inspiration for our Crafter's Strategy Letter originates from the word crafting and the meaning it carries. A skilled sculptor knows how to carefully analyse the stone in front of them to carve out the perfect sculpture. They know how to shape the legs, the arms and the head in such a way that the statue as a whole is stable and well-balanced. This mentality is also instilled into our crafters in the Valère workshop: With great care, they chisel the appropriate portfolio strategy from the current market conditions.

Valère Consulting Vermögensverwaltung Zürich

«Before undertaking his craft, the artisan first sharpens his tools.»

Chinese saying

bottom of page