My immediate response to the news that Lazard, the boutique investment bank, is to cut 10% of its staff amid a “dealmaking chill,” is that they should cut 10% off the fees they...
About Undercover Investor
The Fund Manager
Undercover in Berlin
A friend of mine was bemoaning his recent travel experience in Berlin, apparently one of his favourite European Cities. He had not been for several years and was drawn to a...
The Fund Manager
Existential Crisis at RICS?
The average member of the RICS – the institution that regulates standards, values, and protocols across the profession – must be holding their heads in their hands right now. Has...
The Fund Manager
UK Government gets personal with RICS
"The Levelling Up and Regeneration Bill" is making its way through the legislative process and is now in the House of Lords. As one would hope from one’s government, there is a...
The Fund Manager
The Butterfly Effect
Chaotic systems can be described in many ways but the one I remember from my youth was dubbed ‘the butterfly effect,’ Loosely put, it describes the phenomenon that the flapping...
The Fund Manager
Wilful Blindness
‘Wilful blindness’ describes the phenomenon of human beings not seeing what they don’t want to see. Not looking too hard might be another way of putting it. You and I can think...