Sorry!
My mistake in the previous message. Of course Kaj, not Kaz.
> Hi Simon-Jan and ALL.
>
> My 5 cents.
> All what Kaz wrote, I was talking at the last meeting.
>
> Investing money now is like buring money in a field of miracles in the
> land of fools (please read russian Buratino, Pinocchio's fairy tale).
>
> The best thing to do now is to pay tax in the Netherlands and withdraw
> money to accounts in yuan and rubles.
>
> This will be a loss for us, but not as big as it will happen if we leave
> the accumulated funds in Euros in the EU.
>
>> Hello Kaj,
>>
>> Regarding your comment on ※bigger investment portfolios yield better
>> returns§, you are indeed correct. Oversight on my part reviewing the
>> executive board minutes.
>>
>> As presented in the EB meeting:
>>
>> Larger investment portfolios can increase opportunities for a better
>> return and a reduction of risk based on:
>>
>> Lower cost level
>> Larger investment portfolios benefit from cost advantages as it reduces
>> the impact of fixed costs and opens the opportunities for lower fund
>> fees, improving overall net returns
>>
>> Increased possibilities for diversification
>> Reduction of portfolio risk by increased diversification opportunities
>> using multiple investment funds with different sources of risk, lowering
>> the overall risk level of the investment portfolio
>>
>> Overall bigger investment portfolios do not directly increase the yield,
>> however with a larger portfolio, more possibilities are available, which
>> in turn could have a positive impact on the return.
>>
>> Thanks and kind regards,
>>
>> Simon Jan Haytink
>> RIPE NCC CFO
>>
>>
>> On 24/10/2023 09:47, Kaj Niemi wrote:
>>> Hi,
>>>
>>>
>>> Thanks for a comprehensive report as always. They are interesting to
>>> read.
>>>
>>> Do you think it would be useful to share the PESTEL analysis (slides
>>> and/or report, I assume) with the membership? At least I am curious
>>> about the factors NCC itself thinks affect it.
>>>
>>> Regarding "bigger investment portfolios yield better returns" - I do
>>> not
>>> think that is how it works.. perhaps something else was originally
>>> intended to be written? In terms of return, higher expected returns
>>> should equal willingness to accept higher volatility (risk) in relative
>>> terms. The portfolio size itself only amplifies the return, whether
>>> positive or negative.
>>>
>>>
>>>
>>> Kaj
>>>
>>> ------------------------------------------------------------------------
>>> *From:* ncc-announce <ncc-announce-bounces@ripe.net> on behalf of Hans
>>> Petter Holen <hph+announce@ripe.net>
>>> *Sent:* Monday, October 23, 2023 11:42
>>> *To:* ncc-announce@ripe.net <ncc-announce@ripe.net>
>>> *Subject:* [ncc-announce] [news] 168th RIPE NCC Executive Board Meeting
>>> - Summary Notes
>>> Dear RIPE NCC members,
>>>
>>> The RIPE NCC Executive Board held its 168th Meeting on 6 October 2023.
>>> The minutes are now available.
>>>
>>> Minutes of the 168th Meeting:
>>>
https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ripe.net%2Fabout-us%2Fexecutive-board%2Fminutes%2F2023%2Fminutes-168th-executive-board-meeting&data=05%7C01%7C%7C13f813d97cf043cf2cbf08dbd54b83d7%7Cd0b71c570f9b4acc923b81d0b26b55b3%7C0%7C0%7C638338292545362963%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C7000%7C%7C%7C&sdata=xRS7PaYuTELOxXfwJAJt6J1qPjXIfjlgyQLITlNqdVA%3D&reserved=0
>>> <
https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ripe.net%2Fabout-us%2Fexecutive-board%2Fminutes%2F2023%2Fminutes-168th-executive-board-meeting&data=05%7C01%7C%7C13f813d97cf043cf2cbf08dbd54b83d7%7Cd0b71c570f9b4acc923b81d0b26b55b3%7C0%7C0%7C638338292545362963%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C7000%7C%7C%7C&sdata=xRS7PaYuTELOxXfwJAJt6J1qPjXIfjlgyQLITlNqdVA%3D&reserved=0>
>>>
>>> The Executive Board publishes the minutes of its meetings so that the
>>> workings of the Board and the decisions it makes are transparent to the
>>> membership it represents. The following is a summary of the main items
>>> from the meeting. Further details are available in the minutes.
>>>
>>> -----------------------
>>> Main Items
>>> -----------------------
>>>
>>> - I presented on the status of Objectives and Key Results (OKRs) and
>>> planned OKRs for 2024. I also provided insights on staff engagement and
>>> presented a Risk Update.
>>>
>>> - I updated the Board on the developments around AFRINIC. The Board
>>> were
>>> pleased to hear that there has been a ruling to appoint an Official
>>> Receiver and welcomed the appointment of John Crain as an expert
>>> observer to support the Receiver.
>>>
>>> - Mirjam K邦hne shared her report on developments in the RIPE community.
>>>
>>> - The Board discussed whether to continue providing funding support on
>>> request for Working Group (WG) Chairs. It was agreed that this
>>> encourages potential WG Chairs and to continue this funding for another
>>> three years.
>>>
>>> - Fergal Cunningham presented the results of a PESTLE analysis carried
>>> out with staff in July 2023.
>>>
>>> - Fergal presented the findings and key takeaways of the RIPE NCC
>>> Survey
>>> 2023 and shared the draft report with the Board.
>>>
>>> - Fergal also presented the Draft Activity Plan and Budget 2024 and
>>> asked the Board for comments before the draft was published to members.
>>> The Board reviewed the document and shared feedback.
>>>
>>> - Simon-Jan Haytink presented the financial report for August 2023. He
>>> also shared the draft budget for 2024 and the status of the Treasury
>>> project.
>>>
>>> - Athina Fragkouli presented proposed amendments to the Articles of
>>> Association on requirements for Executive Board candidates.
>>>
>>> - The Board reviewed and agreed to proposed amendments to the RIPE
>>> Database Terms and Conditions which include the provision of
>>> geolocation
>>> information as a purpose of the RIPE Database.
>>>
>>> - James Kennedy presented the outcome of the analysis of Membership
>>> Non-Payments.
>>>
>>> - Fergal shared the draft agenda for the upcoming General Meeting with
>>> the regular topics for the Autumn General Meeting.
>>>
>>> - Felipe Victolla Silveira presented on the usability of the IPv4
>>> Transfer Broker List provided by the RIPE NCC.
>>>
>>> - Felipe also presented a retention strategy for the data from Routing
>>> Information Service (RIS) and RIPE Atlas.
>>>
>>> ----------------------------
>>> Resolutions Adopted
>>> ----------------------------
>>>
>>> - The RIPE NCC Executive Board approves the minutes of EB#167.
>>>
>>> - The RIPE NCC Executive Board resolves that the RIPE NCC will continue
>>> to provide funds for the physical participation of working group chairs
>>> at RIPE Meetings in accordance with the relevant published procedure
>>> until the end of 2026. The RIPE NCC Executive Board will re-evaluate
>>> this resolution for the RIPE Meetings after 2026.
>>>
>>> - The RIPE NCC Executive Board approves an initial investment of 10 M
>>> EUR with the investment partner.
>>>
>>> - The RIPE NCC Executive Board approves the amendments to the ※RIPE
>>> Database Terms and Conditions§.
>>>
>>> - The RIPE NCC Executive Board approves the amendments to the ※RIPE NCC
>>> Closure of Members, Deregistration of Internet Resources and Legacy
>>> Internet Resources Procedure§.
>>>
>>> - The RIPE NCC Executive Board approves the amendments to the ※RIPE NCC
>>> Website and Publicly Available RIPE NCC Services Terms of Service§.
>>>
>>> - The RIPE NCC Executive Board approves the amendments to the ※RIPE NCC
>>> Privacy Statement§.
>>>
>>> - The RIPE NCC Executive Board approves the publication of the draft
>>> agenda for the RIPE NCC General Meeting in November 2023.
>>>
>>> - The RIPE NCC Executive Board resolves to decommission the IPv4
>>> Transfer Broker List and the IPv4 Transfer Listing service.
>>>
>>> Kind regards,
>>>
>>> Hans Petter Holen
>>> Managing Director and Chief Executive Officer
>>> RIPE NCC
>>>
>>>
>>> _______________________________________________
>>> members-discuss mailing list
>>> members-discuss@ripe.net
>>>
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>
>
> -----------------------------
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