Koornwinder Convention. Grand Hotel Amsterdam, 2010
TV-show 'Anno Joosten' 1995
Circles of Knowledge Conference
Marlborough College 2011
During and after her career as a global market analyst, Herma Koornwinder issued numerous alerts in the media, as well as during talks she gave at conferences and seminars, about the outdated practices and obsolete models of the banks. These extracts from the financial press date from 1988-1999.
Professional analysts too commercial
De Financiële Telegraaf
How is it possible that well-paid technical analysts at the banks miss things that Mrs. Koornwinder does not miss, based on virtually the same analysis, and that they discard an emergency signal when the facts are pointed out to them? ‘Banks and other investment institutions consider the technical analysis to be a sideline activity. The commercial activities get a much higher priority. As a result of this, too little attention is paid to the technical analysis. If you want to do it right, you need to spend a large amount of time on it. It is a full-time job that doesn’t allow for anything to be done on the side,’ says Herma Koornwinder.
’Investment of public money generates too little return’: ’Stock market guru’ Herma Koornwinder is often right
When she confronts bankers and investment experts with the fact that she was right, they all of a sudden turn out to have very short-term memories. That is why Koornwinder had her work of the past five years verified by the accountants Deloitte & Touche.
‘Invisible’ economy casts its shadow forward’: Accountant confirms reliability of Koornwinder’s stock market predictions
‘Could it be a coincidence that I reached a different analysis than the financial calculators? I decided to study some more and I discovered that banks and pension funds often had a different view of the market due to their old, traditional methods.’
Innovation investment models required: Analyst Koornwinder pleads for renewal
‘Banks should do more than just innovating their corporate organisation. They need to focus on investment research and investment innovation as well,’ states Dutch global chartist Herma Koornwinder. Koornwinder has been expressing for years that banks and investment bodies approach the market in a too unilateral fashion.
Koornwinder feels it is about time that banks realise they need to start innovating in order to perform well consistently. ‘The traditional work method no longer suffices. We are entering the era of knowledge technology: we can move our way of thinking into higher gear. Old laws and regulations are overruled.’
Lesson for pension giants: Investment expert develops very lucrative method
It is what Koornwinder calls the financial revolution. ‘Most investors and banks use obsolete models. They are still talking about the electronic highway, whereas I am already travelling the electronic skyway on the internet. But they are afraid to do so, it scares them.’
Interview with Mrs Herma Koornwinder, Dutch stock market guru
… every bank claims to have the best analysts. ‘This is where the investor needs to become much more assertive. When people buy a car they ask all kinds of questions of the salesman. But when people start investing they are suddenly too shy to ask anything. This needs to change. They should ask about past performances and advice.’
’Investor needs to be much more assertive': Investment analyst Herma Koornwinder is annoyed by the attitude of the banks
Herma Koornwinder is very annoyed by banks and stock houses. In particular, by their indolence regarding the ‘explanations’ of their erroneous estimates. ‘”Well, ma’am,” they will say. “Things turned out a little different than we expected. We thought the dollar and the interest would rise. But alas… the fact that your stock portfolio now generates 20 per cent less profit is your own risk”.’
Koornwinder, global investment analyst for a number of institutional investors (pension funds, insurers), believes that shareholders should not accept such statements. ‘The investor needs to become much more assertive. Banks approach the financial markets way too unilaterally. Plus, they use the same methods as twenty years ago, even though very much has changed since then. Think about the derivatives trade and the computer systems that work globally. Cash flows are laser beaming through the world and can no longer be captured with the ‘old’ models the banks are using.”
‘I tried to get the banks to wake up, but they would not listen. As long as the investor does not ask for different methods of analysis, banks will do nothing. They are content as it is, and they are way too involved in their own internal reorganisations. As long as the investor does not ask for different methods of analysis, banks will do nothing.’
‘Investing too risky for individuals’: A look on the future
‘At the start of 1990, when the rate in Tokyo was at 37,000 and all economic perspectives were good, I warned banks, pension and investment funds that the stock market would crash. Nobody believed me, but shortly after it dropped to 21,000 and in 1992 it dropped further to 14,800.’
“We are going to get a Flash Economy”. Investment advisor Koornwinder predicts enormous changes
De Gooi- en Eemlander
From the four corners of the earth contrarian investment advisor Herma Koornwinder is gathering proof: the traditional common truths can be thrown in the trash. Elatedly, she quotes top analyst Pieter Wind, of ING Barings, who confirms that traditional valuation methods are hardly the only considerations in evaluating the financial markets. Even Nobel Price winner Markowitz admitted last year his theories do not work anymore.
Investor of the 21st century is an e-trader: Koornwinder foresees digital flash economy
Koornwinder also points her finger at the large or specialised banks such as ABN Amro and Merrill Lynch or Morgan Stanley. Especially in fair weather, they performed well, but during the Asia crisis, the stock rates of these banks were halved within six months, dragging along small and large investors with them due to their advice, including the pension funds that managed about a thousand billion guilders for our old age.
Back to the Top >