Source: Wegelin & CO. Investment Commentary No. 280

1. History tells stories

It may be in the nature of the way we deal with crises, and are ultimately able to overcome them, that we need to tell them as stories. Sometimes as short stories, such as we read every day in the papers: Merkel and Sarkozy, Sarkozy versus Cameron, Schwarzenberg on Berlusconi, and so on. But increasingly in heavy, more literary volumes devoted to an intransparent and corrupt financial system. There is a sizable selection published just in time for the Christmas trade. It ranges from stories with a degree of local colour (Rütlischwur by Michael Theurillat, from Ullstein) via novels with an obvious Greek connection (Der Schwur von Piräus by Markus A. Will, from Reinhardt, and Faule Kredite, ein Fall für Kostas Charitos by Petros Markaris, from Diogenes) to thrillers such as The Fear Index by Robert Harris (from Random House), in which Geneva’s red-light district plays a particular role. So, plenty of entertainment for long winter evenings within our own, secure, four walls – unless,of course, we are already fed up with the whole subject.

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