Weekly research notes covering the full spectrum of asset classes

The Future of Online Advertising

April 12, 2017 /Marco Fraire

Italian version below (Audio version of interview) Today, I had a conversation with Salvatore Aranzulla, founder of, one of the most visited websites in Italy. The company counts half a million daily visitors, and 2016 revenues of 2 million euros. This interview may seem out of Valkyrie’s trading roots, but I personally believe that […]

Investing in Vietnam

April 5, 2017 /Aurelio Arpaia

Vietnam – more than just a travel destination You may know Vietnam as the battlefield of a gory war, or a marvellous place for vacations. What you may not know is that nowadays Vietnam is one of the fastest growing Asian countries. As this country transitions from a controlled communist economy to a market economy, […]

Watch Market Perspectives

April 3, 2017 /Leonardo Zalum

It is interesting to try to understand the medium and long-term trends in the vintage watch market, one of the most volatile and important components of the luxury auctions market. Trends are in constant mutation. For instance, while the market was preoccupied with the complications of a timepiece around the end of the 20th century, […]

Getting the job – interview with Mr. Gallo

March 16, 2017 /Marco Fraire

Today I met with Paolo Gallo, a Bocconi alumnus turned professor. What’s so special about him you ask? He has worked in more than 70 different countries and interviewed more than 10,000 people. He has worked for prominent institutions such as Citigroup, the World bank and now the World Economic Forum, where he is the […]

The curious task of economics

March 4, 2017 /Yee Kiat

“The curious task of economics is to show men how little they really know about what they imagine they can design”. If Hayek ever saw the reports made by professional pundits about the state of the world today, he’d cry. Just a few months back, it was unanimously decided by many analysts that the Philippines […]