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.

A Baffling Balloon Behavior - Smarter Every Day 113

Seneca | Why Worry About What Isn't Real? (Stoicism)

View All

What Happens if Earth Suddenly Stops Rotating? #kurzgesagt #shorts

What happens if the Earth suddenly stops rotating? A thing that isn’t attached to its surface remains at its initial speed—not just cars, buildings, and people, but also water and our atmosphere—causing giant tsunami waves and global windstorms. Areas ne…

Connecting period and frequency to angular velocity | AP Physics 1 | Khan Academy

What we’re going to do in this video is continue talking about uniform circular motion. In that context, we’re going to talk about the idea of period, which we denote with a capital T, or we tend to denote with a capital T, and a very related idea, and th…

What's WRONG With This Cat ?!?! IMG! #21

Every geek’s dream and a great reason to keep driving your car! It’s episode 21 of IMG. Here’s a picture of Darth Prime, and here’s Barbie as a homicidal sociopath. Not terrible enough for you? Then check out this example of bad parenting. What’s this ki…

Rebuilding the World of 1620 | Saints & Strangers

I’ve covered myself a little. I do not sleep safe, nor do I seek glory at war. If it’s something like this, where it’s 1620, you finally got to get yourself immersed into the era. To start with, I did a lot of research on the pilgrims themselves: who they…

Apoptosis | Cell division | Biology | Khan Academy

Hello Emily, hello David. So we’re here today to talk about apoptosis. Uh, I was going to ask you some questions about it; you were going to explain what it even is to me. Absolutely. Okay, talk apoptosis. So, this word apoptosis—I did a little bit of …

Cultural Syncretism in Central Asia | World History | Khan Academy

Hello historians, and welcome to South Central Asia circa 280 BCE. We’re looking at two empires that occupy some of the same area, and we’ve got the Mauryan Empire here. You can see this is the expansion that took place under Ashoka around 250 BCE. So the…

The SwissQT

More Articles