{"id":5161,"date":"2025-04-30T14:57:27","date_gmt":"2025-04-30T12:57:27","guid":{"rendered":"https:\/\/monocle.lu\/?p=5161"},"modified":"2025-04-30T14:57:33","modified_gmt":"2025-04-30T12:57:33","slug":"journal-de-bord","status":"publish","type":"post","link":"https:\/\/monocle.lu\/en\/2025\/04\/30\/journal-de-bord\/","title":{"rendered":"\u00ab\u00a0Journal de bord\u00a0\u00bb"},"content":{"rendered":"

Retour de vacances en Provence o\u00f9 il fallait \u00eatre sponsoris\u00e9 ni par Rayban ni par Persol mais par\u00a0 Beuchat. Avantage de cette m\u00e9t\u00e9o d’enfer : on a\u00a0le<\/span>\u00a0temps de bouquiner.<\/span><\/p>\n

Le<\/span>\u00a0premier ouvrage s’appelle \u00ab\u00a0Battle for your computer\u00a0\u00bb – nous avons investi 1% du fonds dans Cyberark donc je sors la pelle et je creuse. Ecrit par Alon Arvatz, il vous explique en d\u00e9tail\u00a0le<\/span>\u00a0march\u00e9 de la cybers\u00e9curit\u00e9 o\u00f9 la liste des pays comp\u00e9tents \u00e0 l’Ouest est courte: Etats-Unis et Isra\u00ebl. Et pour Isra\u00ebl l’\u00e9cosyst\u00e8me est simple: l’arm\u00e9e rep\u00e8re tous\u00a0le<\/span>s jeunes \u00e9tudiants tr\u00e8s bons en hacking et\u00a0le<\/span>s int\u00e8gre pendant\u00a0le<\/span>ur long service militaire – jusqu’\u00e0 7 ans – dans\u00a0le<\/span>ur unit\u00e9 d’\u00e9lite de cybers\u00e9curit\u00e9, la 8200. Apr\u00e8s cela ils sont libres de faire ce qu’ils veulent, et g\u00e9n\u00e9ralement ils montent une boite de Cybers\u00e9curit\u00e9. Assaf Rappaport, fondateur de Wiz, qui vient d’\u00eatre rachet\u00e9 $32 Mds par Alphabet, \u00e9tait capitaine dans l’unit\u00e9 8200. C’est \u00e0 peu pr\u00e8s la m\u00eame histoire pour tous\u00a0le<\/span>s acteurs du secteur – dont\u00a0le<\/span> fondateur de Cyberark. Une distinction importante \u00e0 retenir dans ce domaine: faire la diff\u00e9rence entre la cybers\u00e9curit\u00e9 d\u00e9fensive – comme Cyberark – et l’offensive qui est elle nettement plus controvers\u00e9e.<\/p>\n

L’offensive, c’est comme\u00a0le<\/span>\u00a0raconte Giulano Da Empoli dans \u00ab\u00a0le<\/span>\u00a0Temps des Pr\u00e9dateurs\u00a0\u00bb sorti au d\u00e9but du mois – deuxi\u00e8me\u00a0le<\/span>cture des vacances – l’outil qui a permis \u00e0 Mohamed Bin Salman de faire d\u00e9couper en morceaux Jamal Khashoggi dans\u00a0le<\/span>s sous-sols du consulat saoudien \u00e0 Istanbul ou de piquer des photos compromettantes sur\u00a0le<\/span>\u00a0t\u00e9l\u00e9phone de Jeff Bezos. La soci\u00e9t\u00e9 soup\u00e7onn\u00e9e d’\u00eatre derri\u00e8re cela est NSO (Isra\u00ebl) avec son logiciel Pegasus qui infiltre votre t\u00e9l\u00e9phone en pompant tout sans m\u00eame que vous ayez cliqu\u00e9 sur quoi que ce soit. Vous aurez compris que quand vous cherchez des actions pour investir, la cybers\u00e9curit\u00e9 offensive n’est pour l’instant pas sur la liste – NSO a fini par se faire blacklister par l’administration US.<\/p>\n

Un passage int\u00e9ressant sur\u00a0le<\/span>\u00a0Bitcoin dans ce livre : \u00a0\u00bb\u00a0le<\/span>\u00a0Bitcoin \u00e9tait exactement ce dont\u00a0le<\/span>\u00a0Darknet [Internet Anonyme] avait besoin pour que\u00a0le<\/span>s transactions ill\u00e9gales explosent. […] Au lieu d’ouvrir un compte bancaire avec une pi\u00e8ce d’identit\u00e9,\u00a0le<\/span>s hackers peuvent simplement ouvrir un portefeuille Bitcoin et demander \u00e0\u00a0le<\/span>urs victimes de\u00a0le<\/span>ur envoyer des Bitcoin en \u00e9change de\u00a0le<\/span>ur fichier. Cela permet aux hackers d’obtenir\u00a0le<\/span>ur argent sans s’identifier, r\u00e9duisant substantiellement\u00a0le<\/span>\u00a0risque d’\u00eatre pris.\u00a0Le<\/span>\u00a0Bitcoin a rendu\u00a0le<\/span>s actes de ran\u00e7onnage apr\u00e8s hacking extraordinairement populaires pour\u00a0le<\/span>s cybercriminels et\u00a0le<\/span>ur source de revenu pr\u00e9f\u00e9r\u00e9e.\u00a0\u00bb<\/p>\n

Je pensais un peu la m\u00eame chose mais quand c’est un sp\u00e9cialiste de cybers\u00e9curit\u00e9 et un ancien militaire du secteur – Alon Arvatz a lui aussi fait partie de l’unit\u00e9 8200 – qui\u00a0le<\/span>\u00a0dit, \u00e7a a un peu plus de poids.<\/p>\n

Pour ceux que\u00a0le<\/span>\u00a0sujet int\u00e9resse,\u00a0le<\/span>\u00a0premier acteur du Darknet \u00e9tait\u00a0le<\/span> site SilkRoad, fond\u00e9 par Ross William Ulbricht, condamn\u00e9 \u00e0 128 ans de prison en 2013… Ah non, attendez : graci\u00e9 par Trump il y a trois mois, Ross Ulbricht est de retour et parlera \u00e0 la conf\u00e9rence Bitcoin le<\/span>\u00a027 mai \u00e0 Las Vegas.<\/p>\n

Quelle \u00e9poque fantastique …<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n\n\n\n
\n

Performance de Monocle Fund<\/strong><\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n
\n
\n

Au 22 Avril, Monocle (part A) est \u00e0 -7.41% sur 2025.<\/p>\n

2024: +1.14%
\n2023: +7.67%
\n2022: -1.92%
\n2021: +4.23%
\n2020: +6.44%
\n2019: +6.09%<\/p>\n

L’exposition nette du fonds est \u00e0 44%. Nous n’avons rien coup\u00e9, restant sur notre vision que comme disait je ne sais plus quel strat\u00e9giste – j’en ai lu beaucoup ces jours-ci : << Ce qui se passe aujourd’hui n’est ni la crise de 2008 ni\u00a0le<\/span>\u00a0COVID car c’est \u00ab\u00a0man made\u00a0\u00bb et cela peut donc \u00eatre \u00ab\u00a0man unmade\u00a0\u00bb >>. Je continue de penser que ce sera\u00a0le<\/span>\u00a0cas, et qu’il faut viser une sortie vers\u00a0le<\/span>\u00a0haut.<\/p>\n

Sur nos lignes individuelles, au milieu de beaucoup de volatilit\u00e9, \u00e0 noter la l\u00e9g\u00e8re hausse (+55%) de Novagold dans\u00a0le<\/span>s derni\u00e8res 48h (2% du fonds, nous conservons) suite \u00e0 l’annonce du rachat de la participation de Barrick par Novagold et ses principaux actionnaires Tom Kaplan et John Paulson –\u00a0le<\/span>\u00a0\u00ab\u00a0John Paulson\u00a0\u00bb du Big Short de 2008 – dans\u00a0le<\/span>\u00a0projet Donlin Gold.<\/p>\n

Pour\u00a0le<\/span>\u00a0reste, ce qui avait baiss\u00e9 ces derniers jours remonte aujourd’hui. Apr\u00e8s \u00e9tude minutieuse du portefeuille j’aime bien ce que nous avons et en qualit\u00e9 et en valeur, donc pas de mouvement cette semaine.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Retour de vacances en Provence o\u00f9 il fallait \u00eatre sponsoris\u00e9 ni par Rayban ni par Persol mais par\u00a0 Beuchat. 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