Serious investment thinking that doesn’t take itself too seriously.
UK commercial real estate (CRE) valuations are languishing at post-COVID lows, amid fears the sector faces “banking covenants being breached” and struggles with regard to occupancy. In this short article, we draw upon new Toscafund research which simply dismisses all such concerns. From the...
Coronavirus was the catalyst for the market turmoil, but it was the pathology of the financial world, and its interaction with the markets – not a prediction of a pandemic –...
It is my experience that, when travelling, the best way to understand a country is to follow in the footsteps of an artist or architect of that country’s...
Michael Levitt is Professor of computer science and structural biology at Stanford Medical School and winner of the 2013 Nobel Prize in chemistry. He has been a close observer of...
The policy response to COVID-19 has been extreme by most past standards. A simple look at the data tells us where we are concerning the past. What caused this response - I will...
A TV series about a struggling lawyer gives us some clues on what the post-Covid office might look like. The announcement by Twitter that it will no longer oblige...
My World: June 2021... This is part of a series of articles where our contributors describe how they think things will look a year from now. The accelerated switch to e-commerce...
It’s a bit of a bold statement, but before we talk about why, let’s first of all go through what’s in it. The black line is my composite valuation indicator for...
The rise in gold prices to $1750 an ounce, as I write, makes impeccable macroeconomic sense. After all, the Federal Reserve has increased its balance sheet by 65% since March...
The S&P 500 has dropped considerably since the advent of COVID-19 although well off the lows. Although the economy is slowly starting to open up, it seems...