How do you respond to 'If you had to invest EUR 10 million, how would you do it?'

Do not give a single-stock answer. Use an asset-allocation framework.

• 40% public equities for liquid growth exposure.
• 20% real assets for inflation protection and diversification.
• 15% private equity / venture if the mandate allows illiquidity.
• 15% investment-grade bonds / cash-like instruments for stability.
• 10% opportunistic investments or reserve capital.

investment horizon, risk tolerance, liquidity needs, currency, tax, and whether this is personal wealth or institutional capital.

'With EUR 10m I would first define objective and horizon. If the mandate is long-term capital preservation with growth, I would diversify across liquid equities, high-quality fixed income, real assets, and a smaller illiquid alternatives bucket. I would not put it all into one company because concentration risk dominates.'

commercial judgment, risk management, and structured thinking.