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.

When Lightning Strikes | Wicked Tuna

Running Water - Thaw Project | Life Below Zero

View All

God Is My Drug | Explorer

[music playing] TIM SAMUELS: I’m in Jerusalem, and I’m searching for ecstasy. [music playing] My search is for the Na Nach, a small sect of highly religious Jews who themselves are dedicated to the search for spiritual ecstasy. Religion as I knew it was …

The Law You Won't Be Told

On a jury, you know your options: guilty, or not. But there’s another choice that neither the judge nor the lawyers will tell you—often because they’re not allowed to, and also it might be better if you don’t know. This video will tell you that third choi…

Force, mass and acceleration | Movement and forces | Middle school physics | Khan Academy

So, I have three different asteroids over here, and they have different masses. We’ll talk a lot more about what mass means, but one way to think about it is how much stuff there is there. There are other ways to think about it. Let’s say that this first…

Finding your next role: Tips from YC's Talent team

[Music] foreign [Music] And with that, let’s go ahead and get started. I’m Andy, like Paige mentioned. Um, to give you guys just a quick background about myself, I’ve been recruiting almost for 10 years now. It’s kind of crazy to think, but I started my …

Bill Belichick & Ray Dalio on Identifying and Addressing Mistakes: Part 2

So we do, uh, some of the things, we actually video everything that’s going on, and then you could look at the video and then reflect on it. One of the things I found is that, um, some people, when they look at their, uh, mistakes, react differently than …

Using inequalities to solve problems | Solving equations & inequalities | Algebra I | Khan Academy

We’re told that Kayla wants to visit a friend who lives eight kilometers away. She’ll ride the subway as far as she can before walking the rest of the way. First, she needs to buy an access pass that costs five dollars and fifty cents. There is also a fee…

The SwissQT

More Articles