Max Otte

Max Otte, maiden name Matthias Otte ( born October 7, 1964 in Plettenberg ) is a German - American economist. He is a professor of education and international business management at the University of Applied Sciences Worms, since 2011 also professor of quantitative and qualitative business analysis and diagnostics at the University of Graz, director of 2003 he founded the Institute of Asset Development ( IFVE ) and independent fund managers.

He focuses on financial market regulation and value investing. His 2006 was predicting a financial crisis made ​​him with the arrival of the financial crisis from 2007 to sought-after lecturer and television host.

The Cologne- Otte has German and since 2005 the U.S. citizenship.

  • 2.1 Own Books
  • 2.2 Papers
  • 2.3 editorship

Life

Schools and Universities

The then Matthias Otte came as the son of the vocational school teacher and local politician Max Otte (1928 - 1983) and his wife Lore, born Hauter on the world. After the death of his father Otte took its name Max.

1983 Otte made ​​his Abitur in Plettenberg. From 1983 to 1989 he studied intermittently Business Administration, Economics and Political Sciences at the University of Cologne from 1986 to 1987 he continued his studies with a concentration in Finance and Marketing, at the American University in Washington, DC continued. He was at this time several scholarships and awards. He completed his studies in 1989 with a degree in economics.

Scientific career

After graduating from Princeton University with a Master of Arts in Public Affairs in 1991 In 1997 he was there under doctor father Aaron Friedberg's work A Rising Middle Power? - PhD German Foreign Policy in Transformation (This was later extended to include the period up to 1999 published). He was the 1995 employees at the Centre for Higher Education Development in Gutersloh, M & A advisor from 1989 to 1994 for Kienbaum and partners (representative of international organizations in the U.S. ) and 1997 to 1998 for another company. He was from 1998 to 2000 Assistant Professor of International Economics and International Management at the Department of International Relations at Boston University.

Since 2001, he has no consultant activities and holds the chair of general and international business management at the University of Applied Sciences Worms, where he teaches Marketing, International Business Studies, financing and investment in the fields of International Business and Foreign Trade and Tourism. In 2003 he founded the Institute for IFVE asset development GmbH, which markets its theories on asset development for private investors. Since 2011 he teaches as a salaried university professor quantitative and qualitative analysis of the company at the Center for Entrepreneurship and Applied Business Administration from the University of Graz. Furthermore Otte teaches regularly at the Political Science Faculty of the University of Erfurt.

Public work

Because of his book published in 2006, The crash comes, in which he had predicted a major financial crisis, Otte in 2008 after the onset of the financial crisis in 2007, known both nationally and internationally.

Otte called for an early nationalization of Hypo Real Estate. He advocates savings banks, local cooperative banks and other cooperative banks as a stability factor and as a way to promote SMEs.

The supervised by him and mid-March 2008, launched PI Global Value Fund (ISIN: A0NE9G ) had scored on 31 March 2011 a performance of over 50%. In 2011, he was transformed into a mixed fund and took on the marketing authorization for Germany, Austria and Switzerland. Since July 2013, there are German investors for the "Max Otte Vermögensbildungsfonds " (WKN: A1J3AM ), which reached a rate of return of 17 percent in the first six months.

In April 2010, Otte called for a withdrawal of the most indebted countries in Europe from the euro zone. He supported the 2010 ban on naked short selling by the federal government. Otte is committed as an independent hedge fund manager for a massive financial market regulation and calls for meaningful capital rules as the basis of liability of banks in a market economy.

Otte is invited frequently in television programs since 2008 and has published articles in several newspapers and magazines known as to ways to deal with the debt crisis of Greece and other EU Member States. Politically, he is in many directions from liberal to conservative active on the left. At the invitation of the SPD Ortsverbandes he lectured in his hometown Ohle.

It is simple CDU member, according to the ZDF blogs and criticized at the same time, the CDU - led government. He received a price for a publication to liberalism and was interviewed by the SPD as an expert on the financial transaction tax. He stepped on a bench conference, organized by the left on the left and praised a book Sahra Wagenknecht. Otte is in favor of taxing income from assets higher. He sits in the euro crisis for more democracy and referendums. He was repeatedly involved in the Democracy Forum Hambach Castle.

Max Otte is a regular speaker at conferences on financial topics, investment on social and economic history up to the financial crisis and general economic and social issues on.

Models

By his own admission, the Protestant and Mennonite faith of his parents influenced him in an atmosphere of lived political tolerance, in the local politician of the SPD, the CDU and the Communist Party met in person at eye level. Robert Gilpin made ​​him familiar with the political economy and its earlier German representatives Karl Marx and Friedrich List. Max Otte was not impressed by presentations of the 1986 U.S. crisis researcher Charles Kindleberger and 1994 by John Kenneth Galbraith. In the field of economics Louis Brandeis with his scolding of the financial oligarchy - its model ( former U.S. constitutional judge and author of " Other People's Money And How The Bankers Use It ").

Memberships

Max Otte is a founding member and director of the Association Center for Value Investing He is also a member of the following associations: Atlantic Bridge. German Council on Foreign Relations, American Council on Germany, German - American Business Club and the German Society for Applied Typology ( DGAT ). Otte is also since 2009 a member of the Association of Berlin-Brandenburg and Prussian society there since 2010 on the advisory board. Since 2012 he also a member of the Association of German language.

Honors

For the Essay Toward an Open World Order ( 1988) he received the prize of the Mont Pelerin Society. "

It was 2009, 2010 and 2011, elected three times by a large margin by the readers of Exchange Online stock brokers for the year.

Publications / work

In his book, A Rising Middle Power? German Foreign Policy in Transformation. From 1988 to 1998. (2000) examined Otte recent German foreign policy since unification. In addition to a political-economic analysis of the potential power of the Federal Republic, the book contains three case studies on the introduction of the euro, to military operations and eastward expansion of the EU. Otte says that the power of the Federal Republic had grown less than the requirements for the reunified country. Germany therefore pursue further the diplomacy of a typical middle power, which is considered to compensation.

In his book Investing is better than saving. How to build a fortune with stocks Otte describes ways for private investors to long-term wealth accumulation.

In The crash comes. The new world economic crisis and how to prepare for it (2006) Otte said a major financial crisis for 2007-2010 advance. He sees himself as a political economist in the tradition of Friedrich List, Karl Marx, Max Weber, Werner Sombart, Wilhelm Röpke and Alexander Rustow and borrows from the Austrian school. He expected true that the U.S. housing market and subprime securities would be the cause of the crisis. The causes he called:

  • Increase in the debt since the beginning of the " neoliberal revolution " in the early 1980s, especially in the U.S.
  • Inflated financial assets, deregulation and loose monetary policy
  • Shift of the world economic center
  • Excessive globalization
  • Economic collapse customs, inter alia, also by financial derivatives
  • Demographic challenges.

Own Books

Otte wrote numerous books on German and English as well as in languages ​​from Spanish to Bulgarian translated on topics such as international economics, investment strategies, financial crisis, politics, social criticism and textbooks for students. Here is a selection:

  • Investment Investing is better than saving: Max Otte. How to build a fortune with stocks. Updated and revised edition. Edition. Ullsteinhaus, Berlin 2008, ISBN 978-3-548-37224-2 ( first edition. Invest in 2000 under the title instead of save. How to double your fortune with stocks every 5 years. Econ, Munich 2000, ISBN 3-430-17286 -1).
  • Speculate instead of invest: Max Otte, Volker Gelfarth. With shares of top companies for profit. Econ, Munich 2001, ISBN 3-430-17284-5.
  • Max Otte, Katja Zacharias, Dimitrios Patsavas, Helmut Geller man: Investing in biotech stocks. To seize the opportunities of the future. Econ, Munich 2001, ISBN 3-430-17283-7.
  • Max Otte: How to get your finances under control. An investor -Village workbook. Econ, Munich 2001, ISBN 3-430-14966-5.
  • Max Otte: To build on assets. An investor -Village workbook. Econ, Munich 2001, ISBN 3-430-14967-3.
  • Max Otte: The Onvista Guide to stock analysis. Econ, Munich 2001, ISBN 3-430-17279-9.
  • Max Otte, Jens Castner: German Super Investors of Graham and Doddsville. Success secrets of the best value investors. Financial Accounting -Verlag, Munich 2007, ISBN 978-3-89879-242-4.
  • Max Otte, Jens Castner: Successful Value Investing. Ingenious investment strategies in times of global change. Financial Accounting -Verlag, München 2010, ISBN 978-3-89879-505-0.
  • Max Otte: Dear Private Investors: The best investment wisdom of the past 10 years, financial -Verlag, Munich, 2013, ISBN 978-3-89879-816-7.
  • International politics, media and social criticism Max Otte: A Rising Middle Power? German Foreign Policy in Transformation. From 1989 to 1999. St. Martin's Press, New York 2000, ISBN 0-312-22653-5.
  • Max Otte: The information crash. As we are systematically sold for stupid. Econ, Berlin 2009, ISBN 978-3-430-20078-3 ( German ), ISBN 978-84-344-6923-5 (Spanish)
  • Financial crisis Max Otte: The crash comes. The new world economic crisis and how to prepare for it. 1st edition. Econ, Berlin 2006, ISBN 3-430-20001-6. ISBN 978-86-84753-33-7 ( Serbian), ISBN 978-954-92212-2-0 (Bulgarian)
  • Max Otte: The crash comes. The new world economic crisis and what you can do now. 1st edition. Ullsteinhaus, Berlin 2009, ISBN 978-3-548-37290-7.
  • Max Otte: The crisis does not adhere to rules. 99 questions on the current situation - and how it goes. Max Otte in conversation with Thomas Helfrich. Econ, Berlin 2010, ISBN 978-3-430-20112-4 ( German ), ISBN 978-84-344-6972-3 (Spanish)
  • Max Otte, Matthias Schäfer, David Gregosz, Heribert Dieter, Henrik Enderlein, Lothar Funk, Günter Grosche, Bodo Herzog, Nils aus dem Moore, Hans -Jürgen Wagener: Lessons from the Financial Crisis - A comeback of the Social Market Economy, Volume III: Intertwined crises. From the financial market to the euro crisis. 2010, ISBN 978-3-942775-00-7 ( ISBN formally wrong ).
  • Max Otte: Stop the Euro - disaster. 1st edition. Ullsteinhaus, Berlin 2011, ISBN 978-3-550-08896-4 .. ( In Spanish Frenad el desastre del € ¡ ISBN 978-84-344-7011-8, Translator: Lluis Miralles de Imperial )

Papers

  • Max Otte: The financial crisis and the failure of modern economics In: Federal Centre for Political Education: From politics and contemporary history. ( APuZ ) 52 /2009.

Editorship

  • John Kenneth Galbraith: The Great Crash 1929 - causes, course, consequences. Financial Accounting -Verlag, Munich 2008, ISBN 978-3-89879-455-8.
  • Charles MacKay, Joseph de la Vega: greed and madness. Why the crash comes again and again ... The classic. Financial Accounting -Verlag, München 2010, ISBN 978-3-89879-560-9.
  • Charles P. Kindleberger: The World Economic Crisis. From 1929 to 1939. Financial Accounting -Verlag, München 2010, ISBN 978-3-89879-614-9.
  • Adam Fergusson: The End of Money - hyperinflation and its effects on the example of the Weimar Republic. Financial Accounting -Verlag, Munich 2011, ISBN 978-3-89879-627-9.
  • Niall Ferguson: The banker Siegmund Warburg - His life and his times. Financial Accounting -Verlag, Munich 2011, ISBN 978-3-89879-626-2.
University of Applied Sciences, Worms Oswald Spengler Junge Freiheit Determinism Teutonic Knights Frankfurter Rundschau El Mundo (Spain) Integrated Authority File
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