Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
Spare a thought for poor Mr Pennycook, Labour’s new housing minister. Before we do that, however, we should congratulate him on being the longest serving housing minister in the last 14 years. Well, if you count his period in opposition, that is. Let us all hope that this continuity will enable...
Surfing a wave of institutional adoption... and liquidity. The best investments are often the least comfortable ones. This is certainly the case with our decision to add bitcoin...
The brasserie next to my office is a classic. A chalkboard shows the plats du jour. The waiters in crisp black waistcoats glide between tables. The corner terrasse catches the...
I love companies that can grow for decades. The best sort of growth reinforces the business model, which in turn makes future growth more likely. Network effects and economies of...
“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around...
Originally published in March 2021. Like many readers, I took advantage of the best snow in years to go sledging with my daughters. As Daddy bombed down the hill like Bowser in...
Originally published in April 2021. Needless to say, covid-19 has caused significant dislocations in all aspects of our daily lives. One of these has been a major shift in...
Environmental, social and governance (ESG) considerations among global real estate investors and their stakeholders have gained traction over the past few years due to the...
The UK’s sailed through many a rough patch and come out all the better – so Brexit’s not a worry! But why the hell can’t we win the America’s Cup? After too many years in the...
This article was originally published in December 2020.. The spring lockdown did not stop UK M&A in its tracks, but activity slowed. Faced with the fog of economic...