Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
I didn’t know The Derby was on Saturday until the next day when I spotted a newspaper montage of flamboyant fashion photos of some who had made it to Epsom Downs. Too late for me to join the 1.3 million who are reported to have tuned into ITV for the meeting. The Jockey Club, owner of the...
A quiet shift is gaining momentum in Japan which has the potential to reshape the country’s commercial real estate landscape. After years of slow progress, corporate governance...
There are a few theories, but none of them really satisfies. I recently wrote a post arguing that globalisation didn’t hollow out the American middle class (as many people...
I recently read an article in Estates Gazette from Peter Bill titled “unnatural selection is now pervading recruitment” and it drove me up a wall. Only because Peter is right,...
The missing piece in our urbanist discussion. Eight years ago, around the time I moved to San Francisco, I watched the Disney movie Big Hero 6. It’s set in a city called “San...
There's a far more plausible explanation, and if anything, AI will be a job-creator. “AI is taking white collar jobs” is a thing people are saying, but they’re very probably...
We tend to focus on which country is top dog, but perhaps we should think about debt and compound interest as the apex predators in all this. When President Trump suspended...
Short post today. This is just a fun chart that (a) speaks to the difficulty of forecasting, and also probably (b) the incentives inherent to sell-side research. Earnings...
There has been so much talk about the proposed new football regulator and anxious debate about exactly what he, she or it should or shouldn’t be responsible for that it is easy...
What does it mean for China to be "the future"? And what does that future look like? Most discussions that I see about China these days are about U.S.-China...