And …. the Black Swans
[By Vitaliy Katsenelson CFA] write-us@imausa.com
Today I wanted to share with you undeservedly underrated and under-recorded composer that in my not so humble opinion deserve to be over-rated and over-recorded.
He lived in the golden age of the late romantic, early modern period of classical music, that is, the late 19th to early 20th century.
Lifestyle
I want to share with you the Piano Concerto in E minor by Moritz Moszkowski (part 1, part 2 and part 3), German-Jewish composer born in Breslau, Prussia (now Poland).
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According to that most trusted source, Wikipedia, he was very popular in his day but died in poverty, “sold all his copyrights and invested the whole lot in German, Polish and Russian bonds and securities, which were rendered worthless on the outbreak of the war.”
Assessment
Now, I am not trying to draw parallels between the early 20th century and today, but when he poured his life savings into German government bonds, he probably could not imagine that they would be wiped out – there is a black swan for you!
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Conclusion
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Filed under: Investing, LifeStyle, Risk Management | Tagged: black swan, Moritz Moszkowski, Vitaliy Katsenelson CFA | Leave a comment »
















