Serious investment thinking that doesn’t take itself too seriously.
Presidential campaign donations are subject to diminishing marginal returns Donations are rightly regarded as an important factor in a presidential election. They’re how campaigns hire staff, run get-out-the-vote operations, and, crucially, spend billions of dollars in ad buys. That’s...
Updated draft legislation has clarified many issues but there are still areas of uncertainty. As explained in our article in June 2021, the Government’s policy objective...
Buying a football club can still be lucrative – with the right business tactics. Many Newcastle United fans cheered the announcement on 7 October that their club had finally...
In a housing crisis, that just doesn’t add up. When I first moved to New Zealand – even after living in some of the highest-priced US property markets – I was taken aback by...
In 1862 we got the Gettysburg Address, in 1941 it was Roosevelt’s Day of Infamy and in 1983 it was Ronald Reagan’s Evil Empire speech. This year it...
It worsens the housing crisis – but there is a fix. The UK’s housing crisis hardly requires an introduction. It affects people across the housing spectrum –...
These words are written soon after the end of the UK’s work protecting – what many claim was a ‘true’ job data distorting – furlough scheme. They come in the midst of a...
Falling below the red lines. Evergrande, the most indebted real estate company globally, faces mounting bankruptcy risks as the company has defaulted on payments and...
It’s still all to play for in the REIT sector. I make no apologies whatsoever for repeating much of my mantra for the quoted REIT sector this year. The themes remain...
Why these obscure products could cause the next global financial crisis. At the heart of the global financial crisis of 2007-09 was an obscure credit derivative...