Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
To be clear, and to contradict the popular narrative in the West, China does not have a property crisis.Rather, it has deliberately engineered a collapse of the property developer sector which, having achieved its key role of enabling large scale urbanisation, had over-extended itself into...
Originally published May 2023. Emergence of new currency blocs will change everything There is a growing feeling that the economies of the west are going through some form of...
Originally published June 2023. When the shōgun of value investing in Japan says "jump," my only possible response is "Hai, sensei! How high?” So, it is no coincidence that when...
Originally published June 2023. Is anyone else uncomfortable with the recent legal judgement that says the Ministry of Defence (MOD) can enfranchise 8 “test properties” from the...
Whopping pork pies. If my Cypriot dad wanted to identify someone as “loose with the truth,” he would call him a Pattihari - Pattiha being the word for watermelon in the...
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...
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 medieval knights of Europe wreaked havoc on the Levant’s kingdom of heaven in their quest for the holy grail. The leveraged gunslingers of Wall Street wreak havoc in...
Lehman Brothers was a legendary Wall Street partnership before a civil war over bonuses between its bankers and traders forced its sale to American Express in 1984 and led to its...
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...