Serious investment thinking that doesn’t take itself too seriously.
How we would do things if we were serious. Trump’s current trade strategy will diminish American power and American technological capability, divide the U.S. from allies and partners, and give China an opening to become the world’s preeminent nation. I still think it is unlikely that this is...
In case you missed it, Trump put the screws to China, while giving the rest of the world another 90 days to negotiate. Negotiate what? Unclear, but Random Walk thinks it’s...
“Phil, I’m a melting ice cube.” I was having lunch with a friend who holds a senior position at a large, dull asset manager. “Nothing works anymore. Nothing. Not on the portfolio...
When I started in real estate more than 25 years ago, nobody was really interested in listed property. At that time, I was a real estate equity analyst at ABN AMRO (later with JP...
How much of the yellow metal does the US actually have? Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others...
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...
There's no need to be beastly to the hun if the hun are being beastly to themselves. Who needs fake news when the real news is scarcely believable? The Daily Telegraph, Britain’s...
Underestimate a man like this at your peril. I’m writing a longer post, but it’s taking two days, so in the meantime, here is one of the more absurd statements I’ve seen...
Tariffs appear to be the opening salvo of a wider plan to shake up global trade, but is this all a sign of American weakness not strength? The press usually treats a strong gold...
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