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The issues of the day dominate the stock markets, where the focus often extends no further than the next quarterly report. However, real value creation takes place over decades and generations. A culture of permanence forms the foundation for this.
This very topic was the focus of a recent in-depth discussion on the podcast. Talking Billions. Tresor Capital-partner Michael Gielkens was a guest at Bogumil Baranowski, founder of Blue Infinitas Capital and a vocal advocate of long-term asset management. The full interview can be viewed via the link below.
Bogumil Baranowski is an internationally respected investor, author and TEDx speaker with over twenty years of experience in advising families and assets with a distinctly long-term horizon. With Blue Infinitas Capital, he manages equity portfolios for asset owners with so-called patient capital and a virtually infinite investment horizon. His philosophy is based on preserving and growing wealth across generations, with investing seen as a means of building a lasting legacy and giving capital meaning.
In Talking Billions explores the many facets of prosperity and a rich, fulfilling life. The podcast features conversations with investors, thinkers, entrepreneurs, and authors who are engaged in long-term value creation and preservation. This theme fits seamlessly with Tresor Capital’s vision.
The conversation with Michael Gielkens focuses, among other things, on the unique resilience of European family businesses. Gielkens shows how stable family shareholdings guarantee the continuity of companies and enable a long-term vision that is at odds with the short-term pressures of Wall Street. Using historical luxury brands as examples, he illustrates how these companies managed to weather crises and grow into iconic names thanks to committed ownership.
In addition, Tresor Capital’s investment philosophy is discussed in detail. A key principle is skin in the game: investing in companies where owners and management have a substantial stake and where interests are structurally aligned with those of other shareholders. According to Gielkens, this partnership approach forms the basis for sustainable returns and capital preservation in the long term.
The conversation also touches on broader themes such as capital allocation by serial acquirers, the importance of return on incrementally invested capital, avoiding value traps and dealing rationally with market volatility. Ultimately, the focus shifts from figures to meaning: success is not measured solely in terms of returns, but also in terms of relationships, reputation and the ability to transfer value to future generations.
We warmly invite you to listen to the entire conversation and learn about this shared vision on long-term investing and wealth accumulation.
