Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
Well, I suppose Trump doesn’t actually chicken out of everything. The U.S. has bombed Iran’s three nuclear enrichment facilities. Here was Trump’s announcement of the strikes on social media: The consequences of these strikes aren’t yet clear. I’ve seen a lot of hyperventilating takes about...
No signs of capital flight yet. Just two quick charts on the “Fade America, Long Europe” trade that’s become de jour. The basic premise is that big bad Trump is...
Other things equal, a higher valuation for an asset should make it less attractive. Returns are being pulled from the future to the present. So why does the reverse often seem to...
If there’s a truth I’ve learned working on projects across 25 countries last year, people are more alike than they are different.
A quiet shift is gaining momentum in Japan which has the potential to reshape the country’s commercial real estate landscape. After years of slow progress, corporate governance...
There are a few theories, but none of them really satisfies. I recently wrote a post arguing that globalisation didn’t hollow out the American middle class (as many people...
I recently read an article in Estates Gazette from Peter Bill titled “unnatural selection is now pervading recruitment” and it drove me up a wall. Only because Peter is right,...
The missing piece in our urbanist discussion. Eight years ago, around the time I moved to San Francisco, I watched the Disney movie Big Hero 6. It’s set in a city called “San...
There's a far more plausible explanation, and if anything, AI will be a job-creator. “AI is taking white collar jobs” is a thing people are saying, but they’re very probably...
We tend to focus on which country is top dog, but perhaps we should think about debt and compound interest as the apex predators in all this. When President Trump suspended...