Serious investment thinking that doesn’t take itself too seriously.
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 charge to their clients instead. Actually, they should cut a lot more off than that. I have never been a great fan of...
There is something slightly soul-crushing about the news that the Government is mulling a new digital sales tax to ‘save the high street’. It isn’t just the prospect of ministers...
With zero cases of Covid-19 in the community, New Zealand is one of the very few countries where life has returned to normal. After two months of lockdown, the country's...
The US Dollar Index has fallen almost 6% since its March 2020 highs. This is no surprise given the sheer scale and speed of the Federal Reserve’s response to the pandemic – a $3...
In the past 18 years, after a series of spectacular and occasionally failed rocket launches, Elon Musk’s SpaceX has emerged as Silicon Valley’s next colossus, a once in a...
It is time to look again at a subject which pops up every now and then and this morning has done exactly that. From The Guardian: The price of gold hit $1,865 per ounce for the...
Another speech from Downing Street will not turn around the economy – a vaccine will. In mid-July, Prime Minister Boris Johnson gave a speech suggesting that employers...
The R rate has become synonymous with the COVID-19 pandemic. If R is above 1, infections rise exponentially, if R is below 1, the virus eventually disappears. The...
It is not news that the coronavirus has changed the real estate industry, in some cases irrevocably. The move towards home working has raised some questions over how offices will...
From the beginning of this virus, political elites have used the language of war. The invisible enemy would be contained, suppressed, and beaten into submission. Then….it would...