Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
I wrote a column on Vornado (VNO) as a buy at 18 in Sep'22 as it was slammed by the pandemic, its debt load and the Fed's draconian rate hikes. So VNO's price ascribed a $450 a square foot value to its prime Manhattan office/Fifth Ave retail portfolio even though its occupancy rate was 91% as the...
When I was on honeymoon in Venice, I spotted a pair of Chinese dragons, one chewing a toenail and the other picking its nose. Smart shop, Grand Canal – my wife, Jane, and I set...
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 843.73 to 853.35 (1.14%) compared to the last month's update. Currently the Singapore REIT...
Am I availing myself of any old sterling excuse? In the interregnum between voting to leave the EU and actually doing so, I claimed the UK’s final exit would prove largely...
The investment drama of a-weighting currency change. I was presented very recently with a piece of investment bank ‘research’ that made a bold change in recommendation. The piece...
Investors have divided into two camps. Those who believe inflation will subside and the rise in prices will prove temporary, and others who fear we are entering a period of high...
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 842.13 to 872.79 (+3.64%) compared to the last monthly update. Currently the Singapore REIT...
Originally published February 2021. The word of this extraordinary winter in Paris has been couvre-feu. The very expression is still heavy with associations from the 1940s...
Originally published April 2021. When thinking about successful emerging market investing, the following quote comes to mind: “In an unfamiliar culture, it is wise to offer no...
The virus will cast a far-reaching shadow. As we cross the 18-month mark of the pandemic, we are arguably reaching the point that the descriptor endemic may be a more appropriate...