Max Otte

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Max Otte (2016)

Max Otte (born Matthias Otte on October 7, 1964 in Plettenberg ) is a German - American economist , author , and right-wing conservative publicist . He is the head of the Institute for Wealth Development (IFVE), which he founded in 2003, and works as a fund manager. From June 2018 to January 2021 he was Chairman of the Board of Trustees of the AfD - affiliated Desiderius Erasmus Foundation .

He has been a member of the CDU since 1991 and has been federal chairman of the Union of Values since May 29, 2021 . He is the AfD candidate in the 2022 federal presidential election by the 17th Federal Assembly .

On January 25, 2022, the CDU excluded Otte from exercising his rights in the party until the final decision of the responsible party courts; a party exclusion procedure is initiated.

Life

Matthias Otte was born the son of Lore Otte, nee Hauter, and the vocational school teacher and local politician Max Otte (1928-1983). After his father's death, he took his first name Max.

Education

In 1983 Otte graduated from high school in Plettenberg. From 1983 to 1989 he studied business administration , economics and political science at the University of Cologne . From 1986 to 1987 he was a Konrad-Adenauer-Foundation scholarship holder at the American University in Washington, DC for a year abroad with a focus on economic policy, finance and marketing. He completed his studies in 1989 with a degree in economics. After graduating from Princeton University with a Master of Arts in Public Affairs in 1991, Otte worked there in 1997 with Aaron Friedberg on the work A Rising Middle Power? – Doctorate in German Foreign Policy in Transformation .

job

From 1989 to 1994 Otte worked as a consultant for international organizations and the public sector at Kienbaum und Partner and in 1995 he worked at the Gütersloh Center for Higher Education Development (CHE). From 1997 to 1998 he was employed by Arthur D. Little . He advised various companies and organizations, including Munich Re, the Federal Ministry of Economics and the United Nations. From 1998 to 2000, Otte was an Assistant Professor of International Economics and Management in the Department of International Relations at Boston University . In addition, from 2001 to 2005 he was involved in setting up the Executive MBA program Business Integration at the Julius Maximilians University in Würzburg .

In 2001 he became a full professor of general and international business administration at Worms University of Applied Sciences , where he taught marketing, international business studies and finance and investment in the departments of international business administration and foreign trade as well as tourism. From 2011 to 2016 he worked as a professor for quantitative and qualitative company analysis and diagnosis at the Karl-Franzens-University Graz . In 2018 he left the civil service at his own request. From the 2011/2012 winter semester to the 2016/2017 winter semester, he also held regular teaching positions at the Faculty of Political Science at the University of Erfurt in the field of economics.

Otte has been a fund manager since 2005.

politics

Otte has been a member of the CDU since 1991 . In the spring of 2017, he became a member of the Union of Values , which elected him as their new federal chairman on May 29, 2021 in Fulda , succeeding Alexander Mitsch . Mitsch called on the new leadership of the Union of Values ​​to distance themselves from the political fringes. He announced that his membership would be suspended for the time being. The CDU chairman and candidate for chancellor of the Union Armin Laschet distanced himself from the union of values. Hans-Georg Maaßen , former head of the Office for the Protection of the Constitution and candidate for the CDU Bundestag in Thuringia, wrote that he wanted his membership in the Union of Values ​​to rest. He follows their development with concern.

In January 2022, Otte was named by the AfD as a candidate for the election of the German Federal President on February 17, 2022 .

author

Otte is the author of several books. He has authored several bestsellers , mostly on financial policy issues. His first books appeared in 1989. At first he published exclusively for the university sector, such as on macroeconomics or general economic policy . His first book outside of this area was the 1996 book America for Business People: The ABC of Unwritten Rules , published by Campus-Verlag . In 2006 Otte published the book The Crash is Coming. The new global economic crisis and how to prepare for it . In it he predicted a collapse of the stock markets. In the course of the financial crisis from 2007 , this made him known to a broad public. It was followed by The Information Crash and Stops the Euro Disaster , in which he critically examined the euro crisis and called for Greece to be allowed to go bankrupt. In his last book , In Search of Lost Germany , he writes about his childhood, his family and about flight and expulsion in his father's family.

private

Otte is the father of three children. Since 2005 he has both German and US citizenship .

Investment funds

In 2003 he founded the Institute for Wealth Development (IFVE) as a GmbH . A joint- stock company set up in Switzerland in the meantime has now been cancelled.

Otte first worked as a fund advisor in October 2005 for a fund set up by the Banque SCS Alliance in Luxembourg, the Pléiade Actions “Privatinvestor”. He recommended this as a "crisis fund" in his 2006 book The Crash is Coming , but stopped advising on this fund at the height of the financial crisis in October 2008. In March 2008, the investment fund PI Global Value Fund was set up in Liechtenstein , which according to its own statements invests according to Otte's strategy. This second fund received marketing authorization for Germany, Austria and Switzerland in 2011. In July 2013, the Max Otte Vermögensbildungsfonds AMI followed, launched by Ampega Investment , a fund exclusively for German investors, since Otte, according to his own statements, due to his residence in Cologne and the tightened legal situation since the financial crisis, no longer personally the PI Global Value, but only through his Swiss “private investor” management company. At the end of 2016, Otte initiated a hedge fund for professional investors.

The funds managed by Otte are valued very differently. In 2016, the funds he advised were classified as “adventurous” by the analysis company Morningstar . The Frankfurter Allgemeine Zeitung criticized Otte for having "used his celebrity to collect millions with equity funds". The funds significantly underperformed the MSCI World index in 2014-2016. According to Morningstar calculations, the PI Global Value fund in particular is “one of the really big losers”. In the comparison group, 98 percent of the funds had developed better. According to a report by Spiegel Online , the fund capital managed by Otte subsequently halved from 300 million euros to a good 150 million euros by October 2016.

In an interview with WirtschaftsWoche , Otte opposed the criticism of his fund, but also admitted to mistakes. The PI Global Value fund, launched in March 2008, “beaten” the MSCI over the entire term and “is among the ten to 15 percent of the best”. However, the sale of gold mining stocks in 2015 was "just plain wrong". He actually "acted unluckily" in 2015 and 2016. According to a report by Börse Online , the "accusation of continuous underperformance" of the funds initiated by Otte is not justified. The PI Global Value fund outperformed the DAX , EURO STOXX 50 and MSCI World in its entire term up to the end of 2016. During this period, the fund recorded an increase in value of 87.43 percent, which corresponded to an annual return of 7.46 percent.

In November 2017 it became known that Otte had relocated the management of his funds from Switzerland to Germany. For this he received a corresponding approval from the Federal Financial Supervisory Authority (BaFin). In 2020, this was expanded to include a portfolio management license.

positions

financial economy

Max Otte at a fund conference (2019)

In 2009, Otte spoke out in favor of nationalizing the bank Hypo Real Estate . He sees savings banks, Volks- and Raiffeisenbanks as well as other cooperatively organized banks as a stability factor and as a way to promote small and medium-sized businesses.

In a hearing in the finance committee of the German Bundestag , Otte took the view in 2010 that a financial transaction tax would lead to lower fees for investors through reduced portfolio shifts.

Otte described the international financial market as a threat to democracy. The financial sector has hijacked politics.

Otte sees a planned economy in the monetary policy of the central banks and drew comparisons with the final phase of the GDR .

European Union

In April 2010, Otte called for the most indebted countries in Europe to leave the euro zone. In 2010, he supported calls for the federal government to ban naked short selling . Otte advocates massive regulation of the financial markets and calls for rules on banks' equity base as the basis for their liability in a market economy.

He criticized a lack of legitimacy in the European Union .

criticism of capitalism

At an event organized by the anti- globalization NGO Attac in August 2017, Otte criticized that politicians had capitulated to the capital lobby. He described the prevailing economic order as "booty capitalism" for the benefit of the super-rich and called for financial income to be taxed like labor income. He described the prevailing opinion of many economists as the “religion of hyper-capitalism”, which is only oriented towards self-interest.

"Joint Statement 2018"

In March 2018, Otte was one of the first to sign the “ Joint Declaration 2018 ”, an appeal by German authors, journalists, artists, scientists and politicians to oppose “damage to Germany” through “illegal mass immigration” taking place in connection with the refugee crisis in Germany from 2015 .

Oswald Spengler Society

In 2017, Otte founded the Oswald Spengler Society with David Engels and Michael Thöndl , where he serves as treasurer . In 2018, the Oswald Spengler Prize, donated by Otte and worth 10,000 euros, was awarded to Michel Houellebecq for the first time. In 2020, it was awarded to Stanford University historian Walter Scheidel .

criticism and controversy

economic forecasts

Marcel Fratzscher , Professor of Macroeconomics at the Humboldt University in Berlin, calls Otte an enterprising "crash prophet" who describes problems correctly, but draws the wrong conclusions from them. Fratzscher writes: "Bad news and scaremongering sell well."

Otte is also referred to as a "crash prophet" by several business journalists. Werner Grundlehner from the Neue Zürcher Zeitung describes five typical characteristics of such crash prophets: “Your arguments are simple and logical at first glance; their prophecies are part of their business model; in professional circles nobody takes them seriously; they are media stars; their solutions are seemingly simple.” Grundlehner likened this to a strategy in roulette: “I bet on the green zero every time and I lose most of the time. But when the ball lands on zero, I give a big hello and tell everyone about the thirty-five times the bet. Numerous visitors to the casino will remember me as a successful player." According to Harald Freiberger from the Süddeutsche Zeitung , the tone of such crash prophets is "illiberal", there is also "a proximity to right-wing populism and conspiracy theories, sometimes also to nationalism".

On May 31, 2020, Otte spoke at a lateral thinking rally in Stuttgart and promoted his book Weltsystemcrash . He announced: " Corona and cash abolition are two sides of the same coin. These are business models. […] There are financially strong lobbies behind it. Unfortunately, there are also many politicians behind it.” In his book, Otte also quotes George Friedman with the statement that it has been “an American strategy for 100 years to prevent the combination of German technology and Russian raw materials”. According to Michael Blume , Otte tries to “convince his readers of his crude belief in conspiracies” with “a mixture of nationalistic, racist and anti-Semitic insinuations”.

Riots in Chemnitz

After Otte had described the media coverage of the riots in Chemnitz as a possible "start of the official persecution of politically dissidents", he was criticized by Meron Mendel , the director of the Anne Frank educational institution , for comparing the reports about Chemnitz with reports about the Reichstag fire had. Stefanie Schüler-Springorum , who heads the Center for Anti-Semitism Research at the Technical University of Berlin, saw Otte's statement as an attempt to equate right-wing extremists with victims of National Socialism .

Murder of Walter Lübcke

After the Federal Prosecutor General at the Federal Court of Justice on June 17, 2019 took over the investigation into the case of Walter Lübcke , who was killed on June 2, 2019 , because there was a suspicion of a right-wing extremist background, Otte sent a tweet in which he described the suspect as a "less well-off individual offender “ referred to. He also complained about what he believed to be the media's "incitement against the right-wing scene" and stated that "the mainstream is finally having a new NSU affair".

A day later, Otte distanced himself from his tweet and deleted it. He apologized and expressed his "deepest condolences" to the family of the deceased.

The Union of Values, to which Otte has belonged since 2017, called on the CDU party leadership to initiate party exclusion proceedings against Otte. His statements "triggered a wave of horror" among members of the Union of Values, said its chairman Alexander Mitsch . Otte explained that he was and will remain a Christian Democrat. He also did not expect a legal examination. For the Frankfurter Rundschau , Otte is "exemplary for the attitude of right-wingers, even when the facts are clear, to construct victims out of the inciting victims." The former CDU General Secretary Peter Tauber held Otte indirectly responsible for the murder, pointing to the possibility to use Article 18 of the Basic Law , which regulates the forfeiture of fundamental rights, for the persons concerned . The CDU chairwoman Annegret Kramp-Karrenbauer , on the other hand, did not want to use the term complicity in the context of this matter.

In an interview on June 2, 2021 with Deutschlandfunk , Otte repeated his statement that the perpetrator "appears to be underprivileged". When the interviewee commented that the perpetrator had been sentenced to life imprisonment for proven murder for right-wing extremist motives, Otte replied: "Yes, of course! That's terrible too. I've never disputed that in any way." Otte closed the interview by pointing out that his tweet "had contained no right-wing theses in any way". The tweet was "unfortunate and wrong", "I apologized and the topic should be over at some point".

Relationship to the AfD

Two weeks before the 2017 federal election, Otte announced that he would vote for the AfD this time because of Germany's refugee policy and the rescue of the euro. Afterwards, Otte feared that he was now “on black lists”, spoke of “opinion terror” and explained: “I am currently in exile”. Otte clearly distanced himself from the Höcke wing of the AfD and emphasized that there was “nothing wrong with the CDU party program”. In February 2020, Otte spoke out in favor of the CDU “exploring the possibility of a middle-class coalition with the AfD at all levels”.

Max Otte at the "New Hambach Festival" (2018)

On May 5, 2018, Otte was the organizer of the "New Hambach Festival". Around 1,200 visitors and various speakers from the right-wing populist camp, including Jörg Meuthen , Thilo Sarrazin and Vera Lengsfeld , who wanted to continue the tradition of the Hambach Festival of 1832, took part in the event. Even before the event, Melanie Amann pointed out in Der Spiegel a method "in the right-wing milieu" of claiming historical data and places for themselves and of drawing one's own "action as a logical continuation of the work of heroic role models". Otte denied the magazine that this was an AfD event. However, the “AfD is also the only party that openly addresses the basic problem of this country. Namely: 'We are witnessing the dismantling of everything we can be proud of'.” In 2019 and 2020 the event was held again.

After the AfD had nominated Otte in January 2022 as their candidate for the 2022 federal presidential election, Otte accepted the nomination. At the same time, CDU party colleagues and the party leadership in the person of CDU General Secretary Paul Ziemiak publicly called on Otte to leave the party on January 25, 2022.

memberships

In 2006 Otte was a founding member of the Center for Value Investing as well as its director and board of directors. He is also a member of the Atlantic Bridge , the German Society for Foreign Policy , the American Council on Germany , the German-American Business Club and the German Society for Applied Typology. In 2009 he became a member of the Prussian Society Berlin-Brandenburg, where he has been a member of the advisory board since 2010. He has been a member of the German Language Association since 2012 .

honors

Otte received the Mont Pelerin Society Prize for the 1988 essay Toward an Open World Order . This was founded in 1947 by Friedrich August von Hayek as a coalition of academics, business people and journalists.

Otte is the initiator of the Human Roots Award and donator of the prize money. It is an international archeology prize that was first awarded in 2017.

Works (selection)

monographs

  • America for business people. The basics of unwritten rules. Campus Verlag, Frankfurt am Main 1996, ISBN 3-593-35592-2 .
  • The crash is coming. The new global economic crisis and how to prepare for it. Econ Verlag, Berlin 2006, ISBN 3-430-20001-6 .
  • The information crash. How we are systematically taken for fools. Econ Verlag, Berlin 2009, ISBN 978-3-430-20078-3 .
  • Stop the euro disaster . Ullstein Verlag, Berlin 2011, ISBN 978-3-550-08896-4 .
  • Finally making money with stocks. The strategies and techniques that promise success. FinanzBuch Verlag, Munich 2012, ISBN 978-3-89879-631-6 .
  • Save our cash! Ullstein Verlag, Berlin 2016, ISBN 978-3-550-08158-3 .
  • Invest instead of save. Investing in times of low interest rates, cash bans and Brexit. Econ Verlag, Berlin 2016, ISBN 978-3-430-20225-1 .
  • The financial markets and Europe's economic self-assertion. Thoughts on financial crises, market economy and entrepreneurship. Springer Gabler, Wiesbaden 2019, ISBN 978-3-658-23178-1 .
  • world system crash. Crises, unrest and the birth of a new world order. FinanzBuch Verlag, Munich 2019, ISBN 978-3-95972-282-7 .
  • The crisis does not follow the rules. 99 answers to the most important questions after the Corona crash. FinanzBuch Verlag, Munich 2021, ISBN 978-3-95972-460-9 .
  • In search of lost Germany. Notes from another time. FinanzBuch Verlag, Munich 2021, ISBN 978-3-95972-403-6 .

Editorship

  • greed and madness. Why the crash keeps coming... Ed.: Max Otte. FinanzBuch Verlag, Munich 2010, ISBN 978-3-89879-560-9 .
  • The End of Money . Hyperinflation and its consequences using the example of the Weimar Republic. Editor: Max Otte. FinanzBuch Verlag, Munich 2011, ISBN 978-3-89879-627-9 .
  • Other people's money. How the bankers rip us off. Editor: Max Otte. FinanzBuch Verlag, Munich 2012, ISBN 978-3-89879-679-8 .
  • Thinking for Germany. How we can secure the future of our country. In: Erika Steinbach, Max Otte (eds.): Publication series of the Desiderius Erasmus Foundation . Manuscriptum Verlagsbuchhandlung, Lüdinghausen/Berlin 2018, ISBN 978-3-944872-89-6 .
  • David Engels, Max Otte, Michael Thöndl (eds.): The long shadow of Oswald Spengler: One hundred years of the decline of the West . Manuscriptum Verlagsbuchhandlung, Lüdinghausen/Berlin 2018, ISBN 978-3-944872-71-1 .
  • Michel Houellebecq, David Engels, Gerd Morgenthaler, Max Otte (eds.): Michel Houellebecq, Oswald Spengler and the "Decline of the West" . Speeches on the occasion of the presentation of the Oswald Spengler Prize to Michael Houellebecq in Brussels on October 19, 2018. Edition Sonderwege, Manuscriptum Verlagsbuchhandlung, Lüdinghausen/Berlin 2019, ISBN 978-3-944872-91-9 .
  • David Engels, Gerd Morgenthaler, Max Otte (eds.): Oswald Spengler in an Age of Globalization. Oswald Spengler in an age of globalization . Edition Sonderwege, Manuscriptum Verlagsbuchhandlung, Lüdinghausen/Neuruppin 2021, ISBN 978-3-948075-56-9 .

Others

  • The private investor . Institute for Asset Development (IFVE), Cologne 2003 (weekly market letter).
  • German Bundestag (ed.): New start for the economy in Germany and Europe . Statement by Max Otte. 27 May 2020 ( bundestag.de [PDF; accessed 2 November 2020] public hearing).

web links

Commons : Max Otte  - Collection of images, videos and audio files

itemizations

  1. ↑ a b c d e f Max Otte: CV. Retrieved 3 July 2020 (private website).
  2. ↑ Ingo Narat: The hope of the crash prophet . Max Otte is attempting a comeback. The controversial money manager is expecting a new crisis and is preparing his fund accordingly. He's already starting to lower his stock holdings. In: Handelsblatt . February 13, 2018, p. 34 .
  3. ↑ Board of Trustees. In: Desiderius Erasmus Foundation. Retrieved 20 July 2020 .
  4. ↑ Chairman of the board of trustees of the AfD-related foundation resigns. In: DIE ZEIT January 7, 2021. Retrieved January 11, 2021 .
  5. ↑ a b Max Otte accepts AfD nomination as federal presidential candidate . In: The Mirror . January 25, 2022, ISSN  2195-1349 ( spiegel.de [accessed January 25, 2022]).
  6. ↑ zdf.de: CDU: party exclusion proceedings against Max Otte
  7. ↑ https://www.tagesschau.de/eilmeldung/eilmeldung-6159.html
  8. ↑ FAZ.net: CDU withdraws all membership rights from Max Otte
  9. ↑ Bernd Maus: Home game in Ohle for financial expert Otte. In: The West. February 13, 2011, retrieved July 20, 2020 .
  10. ^ a b Hans Sedlmaier: Money, power and Marx . Crash prophet and hedge fund manager Max Otte tears up the euro and the financial system, praises the stock sales tax and Sahra Wagenknecht - and explains his strategy for success. In: Focus Money . January 26, 2011, p. 30-35 .
  11. ↑ https://catalog.princeton.edu/catalog/1102344
  12. ↑ Jutta Hoffritz: Unlimited possibilities. In: WirtschaftsWoche . October 24, 1996, p. 192 .
  13. ↑ Max Otte: America for business people: The basics of unwritten rules. In: Amazon. Retrieved July 20, 2020 (product description).
  14. ↑ Klaus Pesch: Crash Prophet, Rocker and Gardener . In: Cologne Review . August 25, 2012.
  15. ↑ Prof. Dr. Max Otte: Far from the best case. SOS Children's Villages Foundation, accessed July 15, 2020 .
  16. ↑ a b Annual Conference 2010. (PDF) Reader. Network Research, June 24, 2010, retrieved July 15, 2020 .
  17. ↑ Max Otte. Episode 332. In: Young & Naive . October 8, 2017, retrieved October 9, 2017 (video).
  18. ↑ a b c Prof. Dr. Otte, Ph.D. Curriculum vitae. (No longer available online.) Worms University, archived from the original on 2015-02-13 ; retrieved June 26, 2015 .
  19. ↑ Otte, Matthias, Univ.-Prof. Dipl.-Vw. MA Ph.D. (No longer available online.) Karl-Franzens-Universität Graz, archived from the original on March 1, 2016 ; retrieved 20 July 2020 .
  20. ↑ Max Otte wants to be less a professor and more Warren Buffett. In: Funds professional. January 27, 2016, retrieved July 15, 2020 .
  21. ↑ Course catalogue : courses according to examination regulations. University of Erfurt, accessed July 15, 2020 .
  22. ↑ Svetlana Kerschner: Max Otte: "I'm not proud", Wachtendorf: "mea culpa". Discussion about celebrity fund criticism. In: The investment. September 7, 2016, retrieved October 29, 2016 .
  23. ↑ Black Forest Bote, Oberndorf Germany: Harsh criticism of the head of the Union of Values: Bad Liebenzeller politician leaves the CDU group. Retrieved August 3, 2021 .
  24. ↑ Mark Schieritz: Otte's World. One of the best-known German stock exchange gurus voted for the AfD. Is that defiance or is he serious? In: Time Online. 18 October 2017, retrieved 13 December 2017 .
  25. ↑ CDU: New chairman of the union of values ​​wants to "explore the possibility of coalitions with the AfD". In: Frankfurter Rundschau. 29 May 2021, retrieved 29 May 2021 .
  26. ↑ Proximity to AfD - this personality divides the union of values. Retrieved 30 May 2021 .
  27. ↑ spiegel.de
  28. ↑ FAZ.net: Laschet distances himself from the Value Union
  29. ↑ tagesschau.de from May 31, 2021
  30. ↑ Martin Reim: Bestselling author Max Otte recommends going public. In: Financial Times Germany . March 27, 2009, p. 23 .
  31. ↑ Paperback bestseller: The End of the World. In: The Mirror. Retrieved August 6, 2021 .
  32. ↑ Denis Scheck comments on the top ten non-fiction books. In: ARD | The first. November 24, 2019, retrieved August 6, 2021 .
  33. ↑ Max Otte. In: WirtschaftsWoche. Retrieved August 30, 2021 .
  34. ↑ Peter Nowak : Between Karl Marx and Max Otte. In: Telepolis . 8 November 2008, retrieved 24 January 2010 .
  35. ↑ Joachim Wille: Economics Professor: The Crash Prophet . In: Frankfurter Rundschau . November 1, 2008.
  36. ↑ Kerstin Kohlenberg, Wolfgang Uchatius : Where has the money gone? In: The Time . 27 November 2008, retrieved 24 January 2010 .
  37. ↑ Economist Otte: "Stop the euro disaster". In: Courier. 5 December 2011, retrieved 30 August 2021 .
  38. ↑ Professor Max Otte speaks about the euro crisis. In: merkur.de. February 7, 2012, retrieved August 30, 2021 .
  39. ↑ In search of lost Germany - Prof. Max Otte. In: The news mirror. April 4, 2021, retrieved August 30, 2021 .
  40. ↑ a b c Jens Castner: Max Otte: The loneliness of the long-distance investor. In: Börse Online. December 21, 2016, retrieved December 29, 2016 .
  41. ↑ Bettina Klein: Public finance scientist expects rising interest rates in the USA. In: Deutschlandfunk. August 1, 2011, retrieved July 19, 2020 (interview).
  42. ↑ Max Otte. (No longer available online.) In: KörberForum Kehrwieder. Körber Foundation, archived from the original on February 28, 2016 ; retrieved 10 July 2020 .
  43. ↑ Business Register. Bundesanzeiger Verlag, retrieved on July 15, 2020 (Cologne District Court, HRB 50223).
  44. ↑ Central company index (Zefix). Swiss Confederation, Retrieved July 15, 2020 (Canton of Zug, CHE-113.284.563).
  45. ↑ LU0229465447. In: Fundsquare. Retrieved July 21, 2020 (English).
  46. ↑ Max Otte: The crash is coming. The new global economic crisis and how to prepare for it. Econ Verlag, Berlin 2006, ISBN 978-3-430-20001-1 , p. 256, 257 .
  47. ↑ Annual Report 2009. (PDF) 1618 Investment Fund, p. 6 , accessed 19 July 2020 (French).
  48. ↑ John Mihaljevic: The Value Investing Handbook. Find the best investments with proven methods. FinanzBuch Verlag, Munich 2015, ISBN 3-89879-888-7 , p. 391 .
  49. ↑ Ingo Narat: Max Otte as fund manager: A professor struggles with the stock market. In: Handelsblatt. 6 June 2016, retrieved 28 December 2016 .
  50. ↑ Dennis Kremer: The crash of the celebrity funds. In: Frankfurter Allgemeine Zeitung. 5 September 2016, retrieved 28 December 2016 .
  51. ↑ Henning Jauernig: Celebrity funds: When the stock market guru loses money. In: The Mirror. 31 October 2016, retrieved 23 November 2016 .
  52. ↑ Andreas Toller: "I'm not a stock market celebrity, but a fund manager." In: WirtschaftsWoche. September 9, 2016, retrieved December 25, 2016 (interview).
  53. ↑ New institute in Cologne: Max Otte submits to Bafin supervision. In: Funds professional. 27 November 2017, retrieved 13 December 2017 .
  54. ↑ Tim Habicht: Max Otte bundles fund advisory activities with a 32 license from BaFin in Germany. In: Citywire. 27 November 2017, retrieved 21 July 2020 .
  55. ↑ Maximilian Märkl: Max Ottes Boutique receives license for portfolio management . In: Citywire Germany . ( citywire.de [accessed on July 23, 2020]).
  56. ↑ Patrick Gensing: "HRE should be nationalized!" Government debates Hypo Real Estate. (No longer available online.) In: Tagesschau. February 4, 2009, archived from the original on February 16, 2009 ; retrieved 20 July 2020 (interview).
  57. ↑ Max Otte: Volksbanks and Raiffeisenbanks as a factor of stability in economic crises - A political and institutional economic perspective. In: Journal for the entire cooperative system (ZfgG) . No. 2 , 2010, p. 89 onwards _ ( archive.org [accessed 20 July 2020]).
  58. ↑ Consultation "Too Big To Fail" / Amendment of the Banking Act. (PDF) (No longer available online.) University of Lucerne, Competence Center for Cooperative Enterprises, Institute for Corporate Law, archived from the original on June 2, 2012 ; retrieved 20 July 2020 .
  59. ↑ Max Otte: The financial crisis and the failure of modern economics . In: Federal Agency for Civic Education (ed.): From politics and contemporary history (APuZ) . No. 52 , 2009 ( bpb.de [accessed 20 July 2020]).
  60. ↑ Transaction tax controversial. German Bundestag, May 17, 2010, retrieved November 26, 2017 .
  61. ↑ a b Tobias Fülbeck: Top economist warns: Why democracy as we know it no longer exists. (No longer available online.) In: HuffPost Germany. April 15, 2015, archived from the original on September 23, 2017 ; retrieved November 25, 2017 .
  62. ↑ Andreas Toller: "Like the GDR in the final stage". In: WirtschaftsWoche. December 27, 2016, retrieved November 25, 2017 (interview).
  63. ↑ Christine Heuer: "The situation is more serious than it has been for decades." In: Deutschlandfunk. 14 October 2014, retrieved 25 November 2017 .
  64. ↑ Ulrich Hottelet: "Ireland, Spain, Portugal and Greece should leave the euro zone." (No longer available online.) In: Cicero . Archived from the original on December 8, 2010 ; retrieved 4 July 2020 (interview).
  65. ↑ Dirk Müller : "Equity is the key to everything." Deutschlandfunk , March 8, 2010, retrieved on October 12, 2017 (interview).
  66. ↑ Helmut Achatz: Crash Professor Otte: "Private investors are fed up." In: Focus. October 6, 2011, retrieved October 12, 2017 .
  67. ↑ Ute Welty: Financial expert: Almost all German banks should pass the stress test. Deutschlandfunk Kultur, July 23, 2010, accessed October 12, 2017 (interview).
  68. ↑ Julia Bauman: Attac discusses concepts for a different economic system. In: Swabian newspaper. August 25, 2017, retrieved July 13, 2018 .
  69. ↑ Dirk Augustin: Attac go out of protesters. In: Swabian newspaper. 24 August 2017, retrieved 13 July 2018 .
  70. ↑ Matthias Iken : In Germany, cowardice reigns over disputes. In: Hamburger Abendblatt. April 14, 2018, retrieved August 8, 2018 .
  71. ↑ Joint explanations and interference suppression. Political declarations of solidarity by Tellkamp & Co. In: Börsenblatt. March 20, 2018, retrieved July 20, 2020 .
  72. ↑ Liane Bednarz: Between CDU and AfD: How the right-wing conservative gray area is gaining influence. (No longer available online.) In: HuffPost Germany. July 1, 2018, archived from the original on August 8, 2018 ; retrieved 8 August 2018 .
  73. ↑ The Society. In: oswaldspenglersociety.com. Retrieved March 25, 2019 .
  74. ↑ Axel Rüth: Houellebecq & Spengler: Wombs as hope for the Occident. In: The World . October 21, 2018, retrieved March 25, 2019 .
  75. ↑ Michel Houellebecq: How not to die out. In: The World. 20 October 2018, retrieved 20 July 2020 .
  76. ↑ Oswald Spengler Society. Retrieved October 12, 2021 .
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personal data
SURNAME Otte, Max
ALTERNATIVE NAMES Otte, Matthias (birth name)
BRIEF DESCRIPTION German-American economist
BIRTH DATE October 7, 1964
PLACE OF BIRTH Plettenberg