The SwissQT

2m read

·Nov 7, 2024

Hi, Kevin O'Leary here, standing in the middle of Switzerland. Actually, I'm just out of a little village called Neon, just outside of Geneva, halfway between Geneva and Lausanne. You know what I love about Switzerland? Everything! The air smells like money. This is what's so incredible about this country: everybody in the world trusts the Swiss.

Underneath the streets of Zurich, Lausanne, and Geneva are trillions of dollars from all around the world. What I love about this place is there's people here managing it. See all those houses? All money managers! These guys—there's thousands of them—make investments for people that put their money into Switzerland from all around the world. Swiss franc: the most coveted currency in the world.

Why? The Swiss never joined the EU, never joined the Eurozone—they didn't like the problems they saw. That's how smart they are. They keep themselves isolated but trusted, and they're fantastic money managers. So, where are they putting their money? That's why I'm here; I want to find out.

This is a wonderful little village full of money managers that invest globally. I ask them about Canada first: "Are you long Canada?" Their comments go like this: "Love Canada, love the commodity trade, love everything about it. Love the fact that the Chinese want to own it. But it's only two and a half percent of the world's GDP, so we have to look elsewhere to find growth."

Where are they putting their money? I'm amazed to find out: not in the United States! They're buying Brazil, India, China, South Korea, Thailand, even Cambodia. They love the growth. The Swiss love growth because their clients want the growth. And who are the clients these days? Not Americans anymore—Asians.

The new story you can see happening here is Asian money coming in by the billions into Switzerland. Absolutely fascinating! Ah, the smell of money. Till next time, Kevin O'Leary.

The World Has Changed! Here are the NEW RULES

The Strange and Wonderful World of the 'Snail Wrangler' | Short Film Showcase

View All

Capturing a Carnivorous Bat on Camera | National Geographic

[Music] When National Geographic asked me to photograph this bat story, I was really excited because it was an opportunity to work with some really interesting scientists, like Rodrigo. I get to work with the species I’ve never seen before. Very little h…

The 5 Step Process for Getting What You Want From Life

Like I say, you can have practically anything you want in life, but you can’t have everything you want in life. So that means you have to prioritize what are the things you’re going after that has to do with the earlier part of, you know, knowing what you…

The Venus Project: mistakes that advocates make

So there’s been an exchange between Stefan Molyneux and Peter Joseph on YouTube lately, and I’ve been commenting on both videos and communicating with advocates of the Venus Project. In this video, I’ll try to correct some of the most important misconcept…

5th roots | Mathematics I | High School Math | Khan Academy

Let’s see if we can calculate the fifth root of 32. So, like always, pause the video and see if you can figure this out on your own. So, let’s just remind ourselves what a fifth root is. So, if x is equal to the fifth root of 32, that’s the same thing as…

Jessica Livingston on Cofounder Disputes and Making Something People Want

All right, so now we’re going to move on to another monster: co-founder disputes. I think people underestimate how critical founder relationships are to the success of a startup. Unfortunately, I’ve seen more founder breakups than I care to even count, an…

Warren Buffett: How to Invest Tiny Sums of Money

I think if you’re working with a small amount of money, I think you can make very significant sums. But as soon as you start getting the money up into the millions, many millions, the curve on expectable results falls off just dramatically. So, I just cam…

The SwissQT

More Articles