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Investment Letter

Think-tank between science and practice in finance.

In the section "Investment Letter" we publish periodically (usually twice a year) our views on the financial markets.

OPIRO Investment Letter November 2025

Investieren – unter Todesangst?

Die Welt gerät aus den Fugen – das erzeugt Angst, sogar Todesangst. Eine gespaltene Gesellschaft, extremer Indi
vidualismus, geopolitische Machtkämpfe und Künstliche Intelligenz stellen Freiheit und Sicherheit infrage. Bedeutet
das das Ende der liberalen Demokratie? Oder gibt es doch Lichtblicke? Dieser Essay sucht – gerade auch für Anleger – Antworten auf diese Fragen.

Download now (German only)

OPIRO Sommer Read

Faszination Unsicherheit – Warum ein Leben in Sicherheit Fiktion bleiben muss

Ein Buch – nicht nur für Finanzmarktinteressierte – über unseren ganz alltäglichen Umgang mit Risiko.

Download now (German only)

Older issues

OPIRO Investment Letter June 2025 (German only)

OPIRO Investment Letter Special Edition February 2025 (German only)

OPIRO Investment Letter December 2024 (German only)

OPIRO Investment Letter June 2024 (German only)

OPIRO Investment Letter December 2023 (German only)

OPIRO Investment Letter June 2023 (German only)

OPIRO Investment Letter November 2022 (German only)

OPIRO Investment Letter June 2022 (German only)

OPIRO Investment Letter January 2022 (German only)

OPIRO Investment Letter September 2021 (German only)

OPIRO Investment Letter April 2021 (German only)

OPIRO Investment Letter October 2020 (German only)

OPIRO Investment Letter June 2020 (German only)

OPIRO Investment Letter December 2019 (German only)

OPIRO Investment Letter July 2019 (German only)

OPIRO Investment Letter February 2019 (German only)

OPIRO Investment Letter September 2018 (German only)

OPIRO Investment Letter March 2018 (German only)

OPIRO Investment Letter November 2017 (German only)

OPIRO Investment Letter July 2017 (German only)

OPIRO Investment Letter December 2016 (German only)

OPIRO Investment Letter September 2016 (German only)

OPIRO Investment Letter February 2016 (German only)

OPIRO Investment Letter September 2015 (German only)

OPIRO Investment Letter February 2015 (German only)

OPIRO Investment Letter August 2014 (German only)

OPIRO Investment Letter February 2014 (German only)

OPIRO Investment Letter August 2013 (German only)

OPIRO Investment Letter December 2012 (German only)

OPIRO Investment Letter July 2012 (German only)

OPIRO Investment Letter December 2011 (German only)

OPIRO Investment Letter July 2011 (German only)