Serious investment thinking that doesn’t take itself too seriously.
I’ve taken part in industry events recently discussing target rates, discount rates, hurdle rates and their relationship to yields—partly in the context of the RICS recommendations on use of DCF in valuations following the Pereira-Gray report.
Sales of existing homes sank another 5.9% in October to a 4.43 million seasonally adjusted annual rate. That is the ninth consecutive monthly decline, leaving the selling pace at...
Facebook may not be the original social media platform, but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its...
Valuable eyewitness accounts and raw data on human behavior, as well as a habitat for trolls What do a cybersecurity researcher building a system to generate alerts for...
But how can we help them make good on their ambitions? Young and old people have different opinions and tastes on everything from fashion to politics. That might sound truistic,...
It’s a glorious afternoon at a luxury resort in Egypt, with six swimming pools leading to a lovely little stretch of beach on the Red Sea. A salsa aquatic class in one of the...
Albania has a population of 2.8 million people, according to data published at the start of 2021. Since the fall of communism in 1991 nearly 40% of Albania’s population has left...
And not just for the City of London. Higher pay for bankers and in the middle of a cost of living crisis. The politics of this may not look good, but the economics behind this...
Blackstone, the LBO boutique founded by legendary Lehman partners Pete Peterson and Stephen Schwarzman, was the flagship IPO of the credit bubble era in 2007. My RMs at Morgan...
Are criminals rational? In his groundbreaking work of 1968, Gary Becker argued that they are. The American economist, who would go on to win the Nobel prize in economics in 1992,...