Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
In a recent LinkedIn discussion, I quoted the classic Howard Marks line: “There’s no asset so good that it can’t be overpriced and become a bad investment, and there are very few assets that are so bad they can’t be under priced and become a good investment It’s a brilliant line—sharp, insightful,...
Greater Tokyo, with 37.2 million people, is the world’s most populous urban area. After years of experiencing Japan only through the lens of Marunouchi, the ultra-modern city...
It’s not just salads going off during these unprecedented times We are fairly certain that when writing The Walrus and the Carpenter, Lewis Carrol never imagined a time that we...
The big chill of recession and a banking panic now haunts black gold, exactly as it did in the last six months of 2008 when Brent crude plunged from $148 a barrel in July to...
Another instalment in a series of articles detailing how to design a secure, income-producing portfolio In my previous article, I mentioned the reality that investment advisors,...
How do you know when you’ve gone far enough? That must be the question starting to dawn on the minds of central bankers in their current rate hike cycle. But having drifted so...
‘Wilful blindness’ describes the phenomenon of human beings not seeing what they don’t want to see. Not looking too hard might be another way of putting it. You and I can think...
The data and price action last week reinforce my conviction that Wall Street risk assets are now in a classic Catch-22, heads I win/tails you lose scenario. The strong economic...
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...