Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
Mirror, mirror on the wall, who is the juiciest Big Tech short of them all? OMG Apple (AAPL)! Let me dissect the case before I am roasted alive for investment heresy: AAPL trades at an even more expensive valuation multiple than Nvidia at 30X earnings. The only problem is that NVDA's revenue...
After lumbering around the $1trn-$2trn assets under management mark for quite some time, central bank policies in the wake of the global financial crisis were a long-awaited shot...
The consensus is that we are in a K-shaped recovery – that means winners and losers. We are not all in this together. The unique shape of the covid-19 crisis and accompanying...
Last week we looked at historical lessons derived from prior pandemics. Today we will expand into determining the likely economic fallout of covid-19, consider the capital market...
Many people concerned about the possibility of inflation caused by the debasement of currencies, such as myself, were strongly influenced by the 2009 book by Carmen Reinhart and...
When looking at a chart of the S&P 500, you would think we were entering a depression or nearing the apocalypse. But what are the real impacts of a pandemic like covid-19?...
The global economy is facing years of uncertainty. The UN has warned of a lost decade as the scarring effects on the economy of covid-19 are worked through. Investors, government...
Consumers won’t turn back from e-commerce now – so what do institutional investors need to know about the logistics property market? The influence of e-commerce on the daily life...
Why low bond yields may mean you need to rethink your portfolio construction. The future looks even more uncertain than usual. Normally uncertainty translates into lower asset...
This article was originally published in October 2020. I am ashamed to admit that after ten years living in UAE, I think I care less about my home country than I did. I love so...