Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
More thoughts on a great civilization at its peak. “We are amazed, but not amused” — Stevie Wonder The 20th century had a bunch of rising powers that all reached their peaks in terms not just of relative military might and economic strength, but of technological and cultural innovation. These...
The passing last year of investment great David Swensen was very sad news. We are fortunate that he was a generous sharer of his insight. But we need to be careful to focus on...
Why property needs to embrace the power of data. Real estate is potentially the biggest untapped data source in the world. Firms accumulate billions of data points at every stage...
Events in the US following the murder of George Floyd are an object lesson in what happens when policing is ripped out of communities. From Minnesota to Seattle via San...
Whichever way things are going, they’ll go a long way. Inflation was rediscovered in September. Up to that date the quoted REIT sector had risen 25%, rebounding as the economy...
Radical overhaul of construction industry needed if UK to have any chance, according to new research. As I entered the construction site in England a decade ago, I was...
Power posturing or trouble on the home front for Putin? There is a pressing need to understand what’s behind Moscow’s growing threat to use military force against Ukraine. The...
Originally published March 2021. I’m sure you have your mind on higher things than the soapier side of the royal family, but I love it. I have a collection of commemorative...
Originally published October 2021. Knowing what to ask is the trick to getting the right answer. In The Hitchhiker’s Guide to the Galaxy, a supercomputer called Deep Thought...
2022: the year of the sportswash. A city without snow and a state in the desert. Obvious places, really, to hold the Winter Olympics and football World Cup if you're the IOC...