Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
“The finest steel goes through the hottest fires. It feels no pain, no pity, no remorse, but stays sharp and ready.” After the last few weeks of tariffs, Trump and tech tribulations – time for some light but deeply unfunny comic relief…. The UK’s steel crisis. Over the weekend the Houses of...
The zeitgeist feels gloomy, but there is cheer from commercial real estate: the bottom is near (maybe)
Silicon Valley Bank was at the right place, at the right time. We’re talking one-in-a-million here. SVB was founded in 1983 in Santa Clara, California, to provide financial services to technology and VC-backed companies.
Gold is immutable and permanent. It is exactly as it was when the solar system was formed billions of years ago. It does not change. It doesn’t corrode, it does not tarnish....
Since the time of Noah, demographics has always been a friend of real estate. The English economist Malthus made a name for himself by postulating that while food supplies grow...
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” Markets are watching Commercial Real Estate, nervous the sector may...
Signs of slowdown, and some scepticism that AI capex will generate enough returns anytime soon A change to the zeitgeist, and it’s definitely gloomyhealthcare makes all the jobs,...
Data science and generative AI offer significant gains in commercial real estate. Yet, valuable innovations don't always translate to business advantages. Resistance to new...
Income returns are remarkably steady and predictable, and forecasts of rental growth are often reasonably accurate as they are founded in the physical world of supply and demand....
Distressed Office sales are the most common saleschecking in on vacancy and absorption ratesthe fabric of American life, forever changed (by longer distance living)not all...