Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
Water rights are key to the American West. What are they, how do they work, and where might there be investment opportunities? “I really think this emotional charge that we all have around water is in part because you can only live three or four days without it. So, when it gets scarce, that sort...
Originally published November 2021. An impromptu decision reveals new angles in real estate research. A few years ago, I heard of a survey in which people were asked what...
The country’s declining fertility is an underrated cause of the 20th century’s misfortunes. Originally published January 2022. Britain’s population will soon be in natural...
A satirical commercial real estate proposal in the tradition of Jonathan Swift. Originally published February 2022. Fellow citizens of the real estate investing world, may I...
As we’ve seen in previous articles, liquidity is ‘good’ only if your need for it isn’t shared by most other market participants at the same time. If everyone else wants to...
US officials are keeping very busy in the world. Yet very few of Washington’s actions have much to do with protecting America. Instead, the foreign policy establishment believes...
Climate change and the ESG agenda are changing the way we think about places and their relative attractiveness to real estate occupiers and investors. Gone are the days when...
The fuss around Evergrande seems to be dying down, so now seems as good a time as any to reflect on what happened and try to put it all in perspective. The catalyst for...
As the dominant superpower since the end of World War II, the United States has played a core role in crafting the geopolitical status quo in Asia. US state-building operations...
Initial claims for regular state unemployment insurance increased by 23,000 for the week ending 12 February, coming in at 248,000 (see first chart). That is the first increase...