Generated by All in One SEO v4.9.10, this is an llms.txt file, used by LLMs to index the site. # Kudu's skeptical economics Skeptical about everything on economics, politics, and investment, especially my own opinions. Watching for financial predators. ## Sitemaps - [XML Sitemap](https://kudueconomics.eu/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Financing Happiness - Let's spend !](https://kudueconomics.eu/financing-happiness-lets-spend) - Spending money efficiently can reveal as tricky as earning money. Spending the way that will make us happier. So how can we spend our way to happiness ? - [Entrepreneurship - Advising in the age of AI](https://kudueconomics.eu/entrepreneurship-advising-in-the-age-of-ai) - En tant que conseiller en investissement, aux côtés de nombreux autres professionnels du conseil, j'observe l'essor de l'IA avec intérêt et préoccupation. - [Fables of La Finance - Crow n' the Fox](https://kudueconomics.eu/fables-of-la-finance-crow-n-the-fox) - Comment les renards financiers nous flattent pour récupérer notre fromage ? Les 3 signes a surveiller pour ne pas se faire piéger. - [Entrepreneurship - The leap of faith](https://kudueconomics.eu/entrepreneurship-the-leap-of-faith) - Lire cet article en français You are going to do it, your life project is ready. Here are just a few modest thoughts for you before you jump into the unknown. This is my story, but this is not only my story. This is somehow about finance, but this not only about finance. This is - [Monopoly ! The investor's way](https://kudueconomics.eu/monopoly-the-investor-way) - Lire cet article en français How sound investing can help you mercilessly crush your kids at board games. Once again my kids lead me into thinking at investment in a very uncommon way. I was playing, a few weeks ago, Monopoly with my 8 years old son. It is amazing how this game still lives - [Private Equity for dummies - A case study](https://kudueconomics.eu/private-equity-for-dummies-a-case-study) - Lire cet article en français An short example is worth more than a long lecture. Here is a real life example of what an investor can really expect from private equity, and why it does matter. This, is a hot topic. Indeed was I recently contacted multiple times by clients who were "proposed" private equity - [Hopes & Probabilities](https://kudueconomics.eu/hopes-probabilities) - Lire cet article en français In investment, as with all economic decisions, we must often pick between hopes and probabilities. The asset management industry uses this to trick us, here is how. Recently, my older son told me a joke. It was simple and naive. It seemed innocent. It was not. Toto the boy is - [I won't need to work ! The story of an investment trap](https://kudueconomics.eu/i-wont-need-to-work-the-story-of-an-investment-trap) - Lire cet article en français Seeking to live solely on investment returns is both a big fantasy and a big mistake. Avoid it at all cost. "This guy retired at 35 with this amazing and safe investment strategy. Want to know how? Click here" Biggest financial clickbait. I see it regularly, and you probably - [The end of French two sided politics](https://kudueconomics.eu/theendoffrenchtowsidedpolitics) - Lire cet article en français Everyone in France (and outside) now has to rethink its political affiliation in three dimensions. After the victory of Emmanuel Macron, and the constant, tiring tension that came along, I feel the need to talk a little about French Politics. Indeed, after listening to the mumblings "from the - [The French client of roboadvisors aka the "five-legged sheep".](https://kudueconomics.eu/french-roboadvisors-clients) - Lire cet article en français In French language "rechercher le mouton à cinq pattes" ( lit. "searching for the five-legged sheep" ) is an idiom meaning searching for something that probably does not exist. I would like to tell that I actually found what I was looking for, the client of a French roboadvisor, - [Oil n' Tech - A naive history](https://kudueconomics.eu/oil-n-tech-a-naive-history) - Lire cet article en français Some industries are rooted in exploration, discoveries and deceptions. Here is the story of two of them. Today I want to talk about two industries that seem to have no relation whatsoever. First of all, their birth is one century apart. Oil history emerged at the end of the 19th - [Birth of Alpha & K](https://kudueconomics.eu/birth-of-alpha-k) - Lire cet article en français Creation of the first French fiduciary & evidence-based financial advisor Dear readers, A little personal message today. Just today. I am very happy to announce the creation of a the first fiduciary financial advisor in France, Alpha & K. We are launching this company today with my partner and friend - [What about your mother ?](https://kudueconomics.eu/what-about-your-mother) - Lire cet article en français Financial analysis education became too analytical and de-humanized. It needs to get back to more balanced, human, basics. 3 years ago, as every year for 8 years now, I volunteered as a "mentor" in a student financial analysis contest known as the "CFA Research Challenge". During the French final, one - [Bitcoin, or the inelegance of technology](https://kudueconomics.eu/bitcoin-or-the-inelegance-of-technology) - Lire cet article en français Blockchain is a very promising technology. But for now it is young, flawed and still a bit inelegant. A tech-addict friend of mine recently confessed to me the frustrating pain he felt when he desperately tried, a few weeks ago, to explain the concept of elegance in technology to his - [A battle is lost, war is not over](https://kudueconomics.eu/a-battle-is-lost-war-is-not-over) - Lire cet article en français The asset management lobby just won one more battle in France. The transfer of life insurances between insurers still won't happen... for now. You probably missed it completely, but a few days ago a battle of the highest importance for French investors and the French economy took place. It was - [Beware of the vicious data-mining bias !](https://kudueconomics.eu/beware-of-the-vicious-data-mining-bias) - Lire cet article en français Scraping large amount of data can lead you to a big mistake. Here is why, and how to avoid it. In my recent "quiz" about technology, I mentioned that finding usable data buried under mountains of useless one, the activity called "data-mining", was a perfect application for artificial intelligence and - [Global warming. What can we really do about it ?](https://kudueconomics.eu/global-warming-what-can-we-really-do-about-it) - Lire cet article en français Global warming is frightening, and hope is thin to contain it. So maybe we should start not only fighting it, but also preparing for it. In my last, and more obscure, post about data-mining bias ( that you should of course read, see here ) I illustrated my argument with - [ESG investing - How to improve it](https://kudueconomics.eu/esg-investing-how-to-improve_it) - Lire cet article en français This post was originally published on October 11, 2016 on my company website. It is still relevant and interesting for those who have not read it yet. I'm posting it here with some minor updates. Environmental Social and Governance (ESG) investing is a good concept, and its growth is strong. - [Active and passive management, where is it going to end ?](https://kudueconomics.eu/passivewhereitends) - Lire cet article en français This post was originaly published in French on the website quantalys.com as an answer to Philippe Maupas's posts on the subject. Hello Philippe and thanks for you post. Two points drew my attention while reading your posts. First of all, it is clear in the various studies presented that - [Spring break hot tech quiz](https://kudueconomics.eu/spring-break-tech-quiz) - Lire cet article en français Summer is coming up. It is about time to check what you really know about the techs that "might" replace you during your vacations. I hear about "technology" all the time. All finance professionals around me seems to be very excited about it, and eager to take full advantage - [How can they possibly still like Trump ?](https://kudueconomics.eu/how-can-they-possibly-still-like-trump) - Lire cet article en français Trump's popularity is still surprisingly high. How can we explain it, and what can it teach us about populism ? Until very recently I was stunned. I just wasn't getting it. It was such a huge mystery to me. How, how on earth could a great part of republican Americans - [The great ETF dissection of active funds](https://kudueconomics.eu/the-great-dissection-of-active-funds) - Lire cet article en français Active mutual funds can be mysterious black boxes. Here is a method to sneak a peek inside. Mutual funds are very opaque structures. There is so much we don't know about them, so much we are refused to access, even when we invest in them. It is indeed very hard - [Artificial intelligence, what can a video game tell us ?](https://kudueconomics.eu/artificial-intelligence-what-a-game-can-teach-us) - Lire cet article en français Everyone is now talking about artificial intelligence. But is it worth it ? Video games might help us on this. Reading time: 10 minutes Since a couple of months, artificial intelligence is the new hype. Everyone is talking about it, everyone wants to jump in, to be part of it. - [The 8 deadly investment selling traps](https://kudueconomics.eu/investment-selling-traps) - Lire cet article en français Financial brokers and private bankers use specific investment selling traps and tricks to get you into buying their products. Here is a list. Read it carefully. I am always amazed by the success met by dishonest financial "advisors" ( brokers would be more appropriate), private bankers and insurers representatives in - [Asset management and the risk of moral disruption](https://kudueconomics.eu/moraldisruption) - Lire cet article en français Beware! A disruption can hide another one! This is quite a good advice, while crossing a railway, always to check for the train coming the other way, hidden by the first one. You know those kinds of signs that say: “Look the other way or you risk death and a - [Active managers survival guide in a passive management jungle](https://kudueconomics.eu/active-manager-survival-guide) - Lire cet article en français This is a very depressing time for active fund managers, as the attack of passive asset management is brutal, flanking them from both an aggressive media coverage and strong cash outflows. Who indeed could have predicted that John Bogle, yes John Bogle Vanguard's founder, would become such a rock-star ## Pages - [Contact](https://kudueconomics.eu/contact-me) - Lire cette page en français If you want to contact me, or know a little more about me you can do it through: My LinkedIn profile My Twitter Account Alpha & K's website - [Who am I ?](https://kudueconomics.eu/whoami) - Lire cette page en français My name is Julien Coudert, I am French, and I am in my late 30's. After studying engineering and mathematics in college I got interested in investing and specialized in asset management. Starting as a mutual fund and portfolio manager for a French private wealth company I managed several - [Thank you for your subscription !](https://kudueconomics.eu/thank-you-for-your-subscription) - Your subscription has been confirmed. You will from now on receive an email notification when new content is available. - [The blog](https://kudueconomics.eu/whatdoiwriteabout) - Lire cette page en français What do I write about ? Everything that I consider been relevant to Economics in a very large way. In fact I write about a lot of topics, with however a clear investor's point of view. One could say that I write about whatever I want, which would ## MailPoet Page - [MailPoet Page](https://kudueconomics.eu/?mailpoet_page=captcha) - [mailpoet_page] - [MailPoet Page](https://kudueconomics.eu/?mailpoet_page=subscriptions) - [mailpoet_page] ## Categories - [Uncategorized](https://kudueconomics.eu/Êtegory-slug%/uncategorized) - [Asset management](https://kudueconomics.eu/Êtegory-slug%/asset-management) - [Politics](https://kudueconomics.eu/Êtegory-slug%/politics) - [Europe](https://kudueconomics.eu/Êtegory-slug%/europe) - [Fintechs](https://kudueconomics.eu/Êtegory-slug%/fintechs) - [France](https://kudueconomics.eu/Êtegory-slug%/europe/france) - [Artificial Intelligence](https://kudueconomics.eu/Êtegory-slug%/artificial-intelligence) - [Americas](https://kudueconomics.eu/Êtegory-slug%/americas) - [Technology](https://kudueconomics.eu/Êtegory-slug%/technology) - [Blockchain](https://kudueconomics.eu/Êtegory-slug%/technology/blockchain) - [Artificial Intelligence](https://kudueconomics.eu/Êtegory-slug%/technology/artificial-intelligence-technology) - [Quantum computing](https://kudueconomics.eu/Êtegory-slug%/technology/quantum-computing) - [ESG investing](https://kudueconomics.eu/Êtegory-slug%/asset-management/esg-investing) - [Analytics](https://kudueconomics.eu/Êtegory-slug%/analytics) - [Economics](https://kudueconomics.eu/Êtegory-slug%/economics) - [Investing](https://kudueconomics.eu/Êtegory-slug%/investing) - [Personal finance](https://kudueconomics.eu/Êtegory-slug%/personal-finance) - [Entrepreneurship](https://kudueconomics.eu/Êtegory-slug%/entrepreneurship) ## Tags - [entrepreneurship](https://kudueconomics.eu/tag/entrepreneurship)