Serious investment thinking that doesn’t take itself too seriously.
From the beginning of November – when the market decided that the Fed was hinting at rate cuts in Q1 of this year until the turn of the year – the quoted sector rallied by an astonishing 23%. The buying frenzy was indiscriminate, with no asset exposure correlation. In fact, some of the best...
The passing last year of investment great David Swensen was very sad news. We are fortunate that he was a generous sharer of his insight. But we need to be careful to focus on...
From Ancient Greece to Vladimir Putin’s Russia. Faced with the imminent possibility of a Russian invasion of Ukraine and what appears to be a deteriorating diplomatic stand-off,...
We are in the midst of the next evolutionary cycle. Enforced mass home-working caused by the pandemic has viscerally demonstrated that in today’s tech-infused world,...
Inflation in the United States was over 7% in 2021. This is dramatically higher than just a couple of years ago when it was less than 2% per year. Why did it go up? The most...
Events in the US following the murder of George Floyd are an object lesson in what happens when policing is ripped out of communities. From Minnesota to Seattle via San...
Two countries whose memories of a ‘shared’ past could not be more different. With the recent build-up of Russian forces around Ukraine, Vladimir Putin’s claim that Russians and...
Most commentators were complacent about the risks of higher inflation in 2021 and seem determined not to be caught out again this year. But some of the rhetoric is now running...
Whichever way things are going, they’ll go a long way. Inflation was rediscovered in September. Up to that date the quoted REIT sector had risen 25%, rebounding as the economy...
Radical overhaul of construction industry needed if UK to have any chance, according to new research. As I entered the construction site in England a decade ago, I was...