Guaranteed Pörssipäivä quality once again. I was a bit surprised when, about 45 minutes in, you discussed the labor shortage and didn’t mention Ukrainian refugees as a potential partial solution. The profiles of many who have arrived could fit well into the care sector specifically. Furthermore, a large portion of them are children and young people who are currently in language immersion.
In my opinion, the scenarios
The war is prolonged
Making many areas habitable again will take time
Many will want to stay regardless
are quite likely.
I also believe it is easier for Ukrainians to integrate into European society than for many coming from different kinds of cultures. Then again, education makes everything easier.
Guaranteed Pörssipäivä quality once again. I was slightly surprised when, at around the 45-minute mark, you spoke about the labor shortage and didn’t mention Ukrainian refugees as a potential partial solution. The profiles of many who have arrived could fit perfectly in the care sector. Additionally, many of them are children and young people who are currently in language immersion.
Kiitos! You’re right, but I’m a bit wary of viewing Ukrainians in terms of their economic utility; hopefully, they’ll be able to rebuild their country in 2023. Of course, if they don’t, they are very welcome in Finland.
Finnvera’s Chief Economist Mauri Kotamäki ponders economic concerns at Christmas 2022. These include, among others: ECB and FED 0.50% interest rate hikes, monetary policy, and inflation trends The breakdown of fiscal dominance, i.e., political central bank steering. Japan’s decision to allow long-term interest rates to rise is the latest example of this A short debate on #MMT Actions by the Rinne/Marin vs. Sipilä governments to increase the employment rate vs. the unemployment rate Long-term unemployment and the positive employment development of older age groups Pension reform and YEL (Self-employed Persons’ Pension Insurance) Finns’ low private wealth (roughly at the level of the Portuguese and Greeks) Outlook on the 2023 GDP decline in Finland, weakness of domestic demand Energy crisis and government support measures China’s COVID lockdowns and risks of Gosbankification (gospankkisaatio)
00:00-40:32 Mauri Kotamäki and Sami Miettinen discuss economic concerns
Mauri is a guest on the neuvottelija channel for the second time; the previous episode was 61 - Tax Elasticities and Discriminatory Earnings-Related Benefits (Mauri Kotamäki)
Note! Apologies for Mauri’s video being lost during the commute. However, three #neuvottelijat group members requested it be published anyway. Vox Populi Vox Dei as Elon tends to say! Merry Christmas and Happy New Year!
Alright! Host of Verneri’s Quarter (Vernerin vartti) and forum police @Verneri_Pulkkinen guest on neuvottelija! Topics include:
Verneri Pulkkinen, community builder and forum police at Inderes, hosts the popular Vernerin vartti segments, which analyze stock movements using analyses from economists, investors, and investment banks, among others.
Vernerin vartti, InderesTV, Rahapodi and neuvottelija New Year 2023, green portfolio Howard Marks’ Sea Change theory (käänneteoria) January effect and the fizzled-out Santa Claus rally Stocks vs. other assets, Buffett indicator Changes in market multiples and the stability of corporate earnings FAANG collapse vs. “boomer stocks” (pappaosakkeet) Inderes investor forum IPOs such as Norrhydro and Tamtron, executed by Translink
00:00-00:43 Verneri Pulkkinen reflects on what moves stocks
00:44-36:38 Verneri Pulkkinen and Sami Miettinen discuss what lies ahead for investors in 2023
Director of the Finnish Institute of International Affairs Mika Aaltola discusses the realism of war with Sami Miettinen
A private event under the Chatham House Rule attended by Aaltola and Miettinen. How does a confidential setting differ from public analysis, and the influence of philosophy on Mika’s book Mihin menet Suomi? Pelon aika Euroopassa (WSOY, 2022)
Was the USA against Finland’s and Sweden’s NATO applications during the first weeks of the war, as interpreted by an anonymous source in Risto E. J. Penttilä’s book?
War realism and the theory of realism, sphere of influence thinking, and “Mearsheimerism”
The logic of arms escalation in Ukraine: we are now on the threshold of sending Leopard main battle tanks
Finland’s strategic culture, the people’s will to join NATO vs. political inertia
Martti J Kari’s neuvottelija episode 126: Vladimir Putin and Russia’s strategic culture
Negotiated settlements between Ukraine and Russia and the frozen conflict
Logic of the Arctic conflict and Pekka Toveri’s neuvottelija 125: Ukraine’s tank warfare and Putin’s mistakes
The increased probability of Mika Aaltola’s presidency and the president’s non-partisanship
Finnish society needs robust leadership; political debate is treading water
00:00-01:19 Mika Aaltola’s views on the outcome of the war in Ukraine, Finland’s strategic importance, the theory of realism, Finland’s political debate, and civil society reactions
01:20-54:31 Mika Aaltola and Sami Miettinen discuss war realism, strategic cultures, negotiated solutions for the war in Ukraine, and the institution of the presidency
Jyrki Uurasmaa
Hannes Kulvik, this seems to be impossible, so as an alternative @Santeri_Korpinen
Mikko Mäkinen & Ville Hemminki
Mikko Jylhä (I listen to Pörssipäivä a lot, but I don’t really know anything about Mikko Jylhä himself as a person)
Casper von Koskull
Mika Heikkilä
Lasse Corin, Chief Economist at Aktia, discusses the Finland vs. Sweden situation with Sami, where Swedes are approximately $200,000 wealthier per adult according to Credit Suisse data. According to Lasse’s analysis, the Swedes’ substantial pension savings account for up to $100,000 of that difference, but we are still poorer. Surprisingly, 20 years ago during Nokia’s heyday, we were even ahead, so the trend is concerning. The episode includes OpenAI DALL-E illustrations (a sister project of #ChatGPT) 00:00 Intro: Lasse Corin, Aktia 01:05 Lasse’s career before Aktia, SEB, 01:40 The career path of organizational economists vs. micro-macro economists like Lasse 05:15 A Swedish real estate bubble? 06:52 Is the Euro a disadvantage compared to Sweden and Denmark 09:39 Swedish wealth is up to $200,000 higher per adult in Credit Suisse wealth statistics 11:18 Swedes have substantial pension funding of $100,000 per adult in the statistics 12:40 Finns were wealthier than Swedes during Nokia’s heyday, then we fell behind 14:50 Does the reversal of Finland’s current account surplus into a deficit explain the relative impoverishment of Finns? 19:14 Why does Finland treat the pension system as part of the state? 24:14 Finns’ stock investing is counter-cyclical 26:45 Banking sector outlook in the Eurozone 36:11 Pori Ässät (The Pori Aces) 37:30 Finns’ 2022 fear of mortgage debt 39:36 Wealth is a function of age 40:38 Outro #economists#negotiators#negotiator#nationaleconomy#wealth#riches#poverty#investors#gdp#Sweden#Finland
It’s definitely a good idea. And why not a thorough deep dive into the birth of Proprius and its future asset management philosophy. Although I’m happy to listen to Viitikko and Heikkilä, it would be interesting to hear from one or more of the three (to me) lesser-known members of the quintet.
I don’t think this Neuvottelija episode, which is the best one from a stock picker’s perspective, has been shared in this thread at all:
This Neuvottelija episode, arguably the best from a stock picker’s perspective, hasn’t probably been promoted in this thread at all:
Yeah, I chatted with Pavel last week; that super-premium growth etc. segment was certainly turbulent in 2022, but 2023 is performing differently again.
Even if Mika Heikkilä were interviewed on the subject of “semi-skimmed or skimmed milk in coffee?”, I would listen intently.
Proprius Partners seems like a very interesting newcomer, not only because they have notable names on the team, but also because the company’s investment philosophy is something I’d love to hear more about.
It occurred to me that @Arimatti_Alhanko and Jens would be an interesting duo for an interview, even just as private individuals! Of course, Coeus could be touched upon at the same time
Was there a bit of Turhapuro or Nasse-setä (Uncle Nasse) as an artistic nuance here?
Skrolli magazine readers or writers might include some people quite deeply well-versed in AI, but I don’t know how eager they are to be interviewed or where to reach them. I cancelled my subscription a few years ago, so I haven’t really stayed in the loop.
I don’t really know anyone who could discuss the topic in layman’s terms and pick out the most significant things from the midst of all the noise. Skrolli has some Discord things at least, but maybe it’s worth checking Inderes’s GPT forum first?
This would be an interesting and very timely topic.
It would be good if the interviewee has practical hands-on experience in coding AI, but can also examine the matter at a conceptual and business level. Like Mobileye’s CEO, AI Prof. Amnon Shashua
They can definitely be found in Finnish AI companies. Guys operating only at a high level provide sharp comments that contain factual errors.
I once watched Neuvottelija’s “Self-driving cars and Unikie (Unikie CTO Erkka Niemi)”. I got the feeling that Erkka operates more at a conceptual level. A great company in itself, and I have briefly worked with them at some point.
Futucast had a segment on ChatGPT ft. Jyri Engeström. In that, a business guy talked about AI and it probably sounded great, but in my opinion, it contained factual errors.
The philosophizing of an academic guy about how Artificial General Intelligence is coming, without understanding at what level current technology supports it, ages quickly.
Hopefully a good person is found. On paper, Silo.ai has some heavy hitters, but I don’t know them personally.
ECB and FED 0.50% interest rate hikes, monetary policy, and inflation trends
Vernerin vartti, InderesTV, Rahapodi and 
