BioNTech & Co .: Price rockets are allowed – Munich Stock Exchange column

The year is drawing to a close, recognizable by the many looks back and forth. With the former you feel like Ms. Loth in 2020 and want to freeze into a pillar of salt. With regard to the outlook, we hope that the DAX will reach a new all-time high this year and with thirty companies. It’s not far anymore, but the last meters are known to be the hardest. Only this year the negotiators have time in matters of Brexit, more precisely the date has been postponed until Sunday and people speak of “post-Brexit negotiations” (Frankfurter Allgemeine Zeitung), “hour of truth” (Stern) or even “school of patience ” (Daily News). “Endurance is rewarded sooner or later – but mostly later,” Wilhelm Busch already knew

Parabolic & cryptic

Börse Online is very cryptic to us this week: “Bitcoin” is emblazoned on its cover and the issue is dedicated to the “rally of crypto currencies”. “Every setback is an opportunity” it continues – well, that shouldn’t only apply to cryptocurrencies. The magazine also states that Bitcoin has “enough fuel” to “ignite the second stage of the price rocket”. We would like to avoid the word “price rocket” at least in this year of the firecrackers ban, but according to the Börse Online editorial team, the “parabolic price increase” continues. This reminds us of the novel “The Ends of the Parable” by Thomas Pynchon. In it, German V2 rockets trace the trajectory of a parabola and land at the end on the ground – but that shouldn’t happen to investors and we wanted to avoid rockets.

Learn from the best

In the current issue, Focus Money deals with nothing less than the “best stocks in the world” and promises a “whole issue with the top values”. Sustainability, semiconductors, 5G, are some of these values ​​that will be presented in more detail. We also learn a lot about the different methods of developing a vaccine against the Sars Covid-2 pathogen and which companies are entrusted with it. The vaccine developed by Biontech on the basis of mRNA is described as revolutionary and it then set off a “course fireworks” – we wanted to avoid this word, see above, too. There was also something in the magazine for the envy factor: The richest people on the Forbes list, updated to the status at the beginning of December: At the top Jeff Bezos with Amazon, followed by Bernard Arnault with LVMH and Elon Musk with Tesla. Their wealth does not only exist on paper, but is tied to paper – shares in each company’s own company. So, just invest in these companies and get rich, the editors concluded.

Sitting instead of running, which promises “the best for your money” on the title, sets up “ten rules for your money” in the “invest” part. Rule three seems to us to be almost counterproductive for investment magazines: “Ignore ratings”. In contrast to Börse Online, the editors recommend “betting on falling Bitcoins” because the security is deceptive. The entire investment section in was illustrated with the “Bank Run” series by photographer Reinier Gerritsen. He photographed people in business clothes rushing from appointment to appointment in the trading centers of New York, Tokyo, London and Singapore. So the home office does have a good thing after all, if we are spared this running, at most we run to the coffee machine.

They still exist – the Deutsche Mark

Did you know how many DM are still in circulation? The Frankfurter Allgemeine Zeitung explains: According to the Bundesbank, notes and coins worth 12.4 billion marks – or 6.34 billion euros – have still not been exchanged, after 19 years euros. The hook for the article was a young man who discovered almost 3.5 million marks packed in sacks and bags at his sick uncle, which he had “forgotten”. Who wouldn’t want such a “forgetful” uncle? Or aunt? If you actually find what you are looking for, it doesn’t have to be with your uncle or aunt – you can always exchange DM at the Bundesbank, for an unlimited period and at the same exchange rate of 1: 1.95583 DM.

One two Three

Der Spiegel was dedicated to a publication by the Hasso Plattner Institute on the most common “passwords” used by Germans. In the first place, you guessed it, is “123456”! Who should come up with it? In third place is “password”, also brilliant. We cannot interpret rank twelve “michael” and fourteen “michelle”. Is the “German Michel” going through? An expression that we thought was long forgotten and the origin of which has not yet been fully clarified. We know the earliest representation from the proverbs published by Sebastian Franck in 1541 – Michel is considered a fool, which in turn would fit the use of the most popular passwords!

And because we are just before Christmas – Franck also wrote a little book “From the growing vice of drunkenness”, in which he warned against “filling, drinking and drinking” and what kind of “jamer, rubbish, harm to soul and body” from it arise. He warned, but he knew that people would not take his advice. In this sense, enjoy the Christmas meal, even in small groups, after all there is more to drink and eat for everyone!

Author of the press review: Ulrich Kirstein, Bayerische Börse AG

Livestream on December 14th, 2020 from 6 p.m .:

With Hans-Werner Sinn, former President of the Ifo Institute.

With Hans-Werner Sinn, former President of the Ifo Institute: Corona and the miraculous increase in money in Europe
– Here is the stream! –



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