Technical analysis explained
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After gaining a Master of Financial Technical Analysis diploma, Mensur spent 15 years at Credit Suisse, first in portfolio management and then in technical analysis. In 2011, he moved to Julius Baer and has been here ever since. As a technical analyst, he believes that all information is accounted for in the stock’s price, so in the short term all that is needed to evaluate a stock or a market can be found in the signals from reading charts. This is where the “curves” come in: on a typical day, he can look at hundreds of charts and graphs, trying to determine the current trends and to spot potential trends.

The intersection between money, the economy, and investor psychology
Spend a few minutes talking to Mensur and it is clear that he is enthralled in his work. He describes it as very challenging, this intersection between money, the economy, and investor psychology. “Nobody knows the future,” he says. “As an investor, you have to be humble and take the signs of the market as they come.”

But what really interests him about technical analysis is investor psychology. “Human behaviour doesn’t change,” he says. “When it’s sunny and warm, people go for a swim in the lake. When it’s rainy, they don’t. It’s the same with investments.” This is why technical analysis has remained unchanged for centuries: financial markets are, in the short-term, nothing more than a reflection of the mood of investors, says Mensur.

Mensur’s work starts with getting a clear overview, because it is important to get the big picture right. For example, if the British pound has been declining for years, you need to be aware of this. His top tip for investors, therefore, is to align with the trends: “The trend is your friend,” he advises. He cites the example that since 1926, the strongest stocks have returned 15% per annum, while the weakest stocks have continued to decline by 1.4%.

He also recommends investors remain open-minded, because the future will never be exactly the same as what we have experienced in the past. Finally, says Mensur, investors should be very selective and cut losses early: “In the last 100 years, only 4% of all listed stocks were responsible for net wealth creation in the US equity market. The other 96% matched treasury return deals.”

Keeping a clear head
With such concentrated work to fill his days, Mensur needs to arrive at work with a clear head. To achieve this, he often commutes by bike. “You have to focus on the traffic,” he says, “so for a short period of time you have zero distractions and can recharge your brain.”

When he’s not at work, he enjoys spending time with his family. He says: “I’m passionate about my job, my family, and the fact that I’m in Switzerland. I was very lucky to be at the right place at the right time.”

His profession belies a relaxed character, and Mensur reveals that he likes to tell a joke from time to time. “You have to take everything with a pinch of salt,” he says. “You can’t take life too seriously.”

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CHAPTERS
00:00 ​​ Introduction
00:15 ​ Technical Analysis Explained
00:46 Understanding the Ups and Downs
01:09 What we do?
01:46 ​​ Tips for investors
02:11 Commuting by bike

About Julius Baer

Julius Baer is the international reference in wealth management, based on a solid Swiss heritage.
The story of Julius Baer began over 125 years ago with the vision of one man. In the 1890s the company’s founder and namesake, Julius Bär, established himself as a young and promising banker on Zurich’s famous Bahnhofstrasse.
What initially started as a humble family business has grown over the decades into the international reference in pure private banking, with more than 50 locations in over 25 countries worldwide.

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  • Salvador A.
    Salvador A.

    Can't stand this background music. I hear it in every finance related video..

  • ༺Eddie༻
    ༺Eddie༻

    I'am shocked. You guys need to employ math geniuses who can extract value from financial data.

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