Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
Spare a thought for poor Mr Pennycook, Labour’s new housing minister. Before we do that, however, we should congratulate him on being the longest serving housing minister in the last 14 years. Well, if you count his period in opposition, that is. Let us all hope that this continuity will enable...
It’s all a matter of judgement… It was predictable for those of us with a few grey hairs that the woke agenda would eventually be checked by a good old dose of common sense, but...
2022/23 convinced me that fairytales only happen when I trade emerging markets FX, other than the Lizzie/Rishi's sterling bungee jump last September. But then Britain is now an...
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...