Education
Max Otte obtained his university entrance qualification at Albert-Schweitzer-Gymnasium Plettenberg in 1983.
Max Otte obtained his university entrance qualification at Albert-Schweitzer-Gymnasium Plettenberg in 1983.
Max Otte was one of the first economists to recommend nationalizing Hypo Real Estate (a German bank), long before politicians. In March and April 2009 he strongly recommended the purchase of stocks. Otte is sometimes called the ‘crash prophet’ – a title he dislikes.
The PI Global Value Fund, founded mid-March 2008 and managed to date by Otte, achieved a 38% performance by 28 April 2010, outperforming the DAX by 38 percent, the MSCI World by 33 percent and the Eurostoxx 50 by more than 60%. Otte invests according to the ‘Reinheitsgebot‘ (German purity requirements) in quality stocks, bonds and physical gold.
In April 2010 Otte called for the Southern European countries to leave the Euro zone. Otte, despite being an independent fund manager, is in favor of strong regulation of financial markets. In his opinion sufficient equity capital should strengthen liability and constitute the basis for a return to sensible behaviour of banks in a market economy. He supported the German government's decision in 2010 to prohibit naked short selling.
Otte has published articles in newspapers such as "Frankfurter Allgemeinen Zeitung", "Die Welt", "Der Spiegel", "Financial Times Deutschland", "The Times", "Harvard Business Review" and "Wirtschaftsdienst" and has appeared on television, with broadcasters such as ARD, ZDF, SWR, n-TV, Bloomberg and N24.
