Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
How can we best regenerate the urban environment without driving communities away? The Ministry of Housing, Communities and Local Government puts community at the heart of its agenda for change. But when it comes to urban regeneration, community concerns often co-exist uneasily with market...
Signs of slowdown, and some scepticism that AI capex will generate enough returns anytime soon A change to the zeitgeist, and it’s definitely gloomyhealthcare makes all the jobs,...
Data science and generative AI offer significant gains in commercial real estate. Yet, valuable innovations don't always translate to business advantages. Resistance to new...
Income returns are remarkably steady and predictable, and forecasts of rental growth are often reasonably accurate as they are founded in the physical world of supply and demand....
Distressed Office sales are the most common saleschecking in on vacancy and absorption ratesthe fabric of American life, forever changed (by longer distance living)not all...
Rising rates, or as Jim Grant says, “Interest rates we can be proud of,” considerably change investment decision calculus. Regardless of whether the subject is equity,...
Bezos, Google's AI debacle, and how constraints rather than resources drive innovation. Money was tight. It’s hard to even imagine it this day and age, but it’s true. On Wall...
$120,000 for a banana. This was December, 2019, at Art Basel in Miami. An Italian artist duct taped a banana to the wall. It sold for $120,000. The state of modern art, ladies...
If you aren’t familiar with Close Brothers, it’s a FTSE 250 bank that was founded in 1878. It had (until recently) a long track record of progressive dividend growth and I added...
With the announcement by Norway and Ireland that they have recognised Palestine as an independent state, and Spain expected to follow suit by the end of May, it appears...