Serious investment thinking that doesn’t take itself too seriously.
As we stop having kids, do we still need real estate developers? Regular Thesis Driven readers know that I’m as pro-housing as they come. Home prices and rents in the places with the most economic opportunity—like New York and San Francisco—are a national scandal, and I’m very much in...
The latest IPD Monthly Index shows UK commercial property capital values declined by 14.2% in the calendar year 2022. Income was something of a saviour of total return though....
Time to buy some discounts to NAV, Blackstone cede 11% and UK planning paralysis What on earth is happening to our planning system? Is it absent without leave? I know it’s...
Real estate is a relationship business. It is sometimes an ego business. And it is often an emotional business. So making the case that data-driven analysis should drive...
The apartment across the hall from where we’re staying in Minneapolis is undergoing extensive renovation – walls being moved, floors torn up and every day last week the noise...
The CIO of Odey Asset Management, shares his thoughts on recent events inthe UK economy. There was a time when markets were in the ascendancy, when they ruled, rather than were...
I saw the phrase ‘friendship recession’ in a headline last week, which has a musical swing to it, but refers to growing social isolation, particularly among men, due to people...
My head is full of grizzly mania, the Russian bear is trapped in Ukraine's military bear trap and the black gold bears are laughing all the way to the bank as Brent tanks to $76...
Most financial crises have plenty in common. They tend to start in the banking sector and involve excessive borrowing, together with an asset bubble, usually related to property....
Speculation regarding how secure Vladimir Putin’s position is surfaces every few years, but has intensified since the invasion of Ukraine, particularly in light of Russia’s...