Market Update 16 September 2025, with columns by Harry Geels, Han Dieperink, Maarten van der Spek and AF Advisors
Market Update 16 September 2025

Jasper Haak: Monday morning quarterbacking

There are always ‘experts’ who think they know better than those who actually make the investment decisions. But forecasting is something quite different from investing.

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Infrastructure: Investment for the future

An investment in infrastructure is an investment in the future drivers of economic and financial performance, according to Allianz Global Investors.

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Maarten van der Spek: The underestimated risk of real estate financing

Since the risks associated with real estate are often underestimated, the leverage effect does not always work out as expected.

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Han Dieperink: The blind spot of the human mind

The human brain understands linear growth, but fails to assess exponential developments. As a result, we are repeatedly surprised by 'sudden' developments.

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Harry Geels: Who checks the definitions?

Every day, we use big words like 'freedom' and 'sustainability' as if their meaning were self-evident. But often it turns out we don’t mean the same thing, resulting in polarisation.

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