PROFILE
What I want to pass on at NOMISMA
I originally worked in finance, and I still work as an asset management consultant. However, I do not give advice that requires registration, such as which product to buy and when. Buying and selling antique coins is also part of my work.
In finance, you think about how to grow assets. That matters, of course. But I want to think beyond that.
What do you hold the grown assets for? How will you use them when you need them? What do you check while you hold them, and what do you consider when you let them go? If you are going to pass them on to your family or the next generation, what do you prepare?
I believe that watching the numbers of your assets grow and being able to handle those assets in a way that fits your own life are not the same thing.
Out of that interest I turned my attention to physical assets as well, and among them I focused on antique coins.
What I find especially interesting is the process of looking into what grounds the value of a single coin. When and where was it issued? What condition is it in? How much of its provenance is known? If you compare it with past transactions, which conditions are the same and which are different?
The object is right there in your hand. Even so, there are things you cannot tell just by looking. I go back to documents and transaction records and separate what can be confirmed from what is still unknown.
This does not mean that research always makes the value go up. Sometimes the documents are not enough, and there are conditions not only when you buy but also when you hold and when you sell. That is exactly why I think it matters to be able to explain what you based your judgement on.
I don't want this way of checking to belong only to people who buy coins.
When you listen to a bank's explanation. When you think about whether to buy a home. When you change the way you work. When you take over your family's money, too, you need to sort out what is known and what you have not yet checked.
A method that worked for someone else will not necessarily suit you. The money you can use, your time, your family circumstances and what you want to cherish are all different.
At NOMISMA we read the history of money from real objects and historical sources, and extend that thinking to today's institutions and ways of living.
What did people in the past struggle with, and what choices did they have? How does the same rule look different to those who work and to those who employ? When society changes, how do the conditions for having a home or owning property change?
We do not read history in order to predict the future from past events. The systems and ways of living we now take for granted also have a history of how they came to be. Knowing that gives you more to look at when you make your own judgements.
At the same time, I don't want this to be a place where the more you know, the less able you are to choose anything. What do you look into yourself, and what do you leave to specialists? Under what conditions do you go ahead, and where do you hold back? We think about ways to move a decision forward even while some things remain unknown.
Buying coins is not the goal of NOMISMA. Not buying if it doesn't fit your purpose. Looking into it instead of deciding right away. Choosing a different route. These are important decisions too.
Some people want to grow their money; others want to be able to use it with peace of mind. I think there are also people who want more time with their family, who want to collect what they love, who want to take on a challenge in their work, or who want to think about how to pass things on to the next generation.
You don't have to make the same choices I did.
What did you value, which conditions did you check, and how did you arrive at that choice? Becoming able to explain that in your own words.
To take my experience of working with both finance and physical assets beyond talk about assets alone, and connect it to learning that helps each person think about how they deal with money. That is what I am aiming for at NOMISMA now.