Never make politics out of investments, part 2

Another investor who includes political values. In an interview with the online newspaper Affaersvaerlden, Per H Boerjesson, CEO of Investment AB Spiltan, one of Sweden's largest independent fund managers, claims that their fund, which is currently trading significantly below its net asset value, is quote "we are undervalued - period!" unquotes. Per H Boerjesson continues and says that the balance sheet is in black, it's just a nervous market.

I am sure the balance sheet is in the black, but a potential reason why the market is treating the fund manager with buybacks, limited patience and exits could be that Investment AB Spiltan has decided to implement political values in its holdings.

In the first quarter of 2025, Spiltan sold its shares in Warren Buffett's American conglomerate Berkshire Hathaway, largely due to the political situation in the United States, according to the same article. Another reason for the sale of Berkshire Hathaway, according to Spiltan, was the currency risk associated with the dollar.

We sold our entire holding in Spiltan Invest as soon as we read the article. We don't invest our money in the stock market to change the world, but to get the best possible return. How we want to change and improve the world is done through other channels.

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Never make politics out of investments

If you cannot control your political views and thus let your emotions guide your investments, you should refrain from investing your money.

Per Lekander, a hedge fund manager at his own company Clean Energy Transition, predicts that Tesla's shares will plummet by more than 90 percent in a statement published in the online newspaper di.se. In the same statement, Per Lekander claims quote "that Tesla is probably the biggest stock bubble in world history" unquote.

As a hedge fund manager, not realizing that Tesla is actually a world-leading AI company that will change the transportation sector and "not just a car factory" can only mean two things. Either you don't have sufficient understanding of the industry or you are politically driven by emotions.

Either way, you're in trouble.

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They are the only ones left now 💔

My paternal uncle passed away at the beginning of the year. Due to his passing occurred in the middle of winter, the inurnment was postponed until last month. On the exact same day that the inurnment was scheduled, my mother was told that her brother would at best survive the weekend.

Although my mother was aware of my maternal uncle's pancreatic cancer diagnosis, it came as a shock as she had previously been told that he would live to see the end of the year. Unfortunately, my mother's brother passed away the day after we inurned my father's brother. Of my parents' parents and siblings, only my parents are still alive.

I am incredibly grateful that both my parents are healthy, both work five and six days a week, respectively. My dad because he loves to work and my mom because she can't sit at home and wait for dad to come home from work.

My paternal uncle's funeral was one of the most beautiful funeral ceremonies I've ever been to. Even my father, who was raised callous and harsh, was very moved and said as he and I walked out of the chapel quote "you have to make the most of life and" unquote when his phone rang and he was immediately back in work mode. I'm grateful that no one else heard him, because I'm "my father's daughter" and as hardworking as he is, I can't judge him.

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