Serious investment thinking that doesn’t take itself too seriously.
I am an old Democrat who’s been traveling around doing shows in Republican towns in the Midwest and it’s making me a better person. I stand up on a theater stage and I hum a note and the audience hums it back and I sing “My country ’tis of thee” and by the “thee” they’re singing so beautifully and...
The S&P 500 index trades at 2990 as I write. The risk-reward calculus on the broad index no longer flashes a buy signal to me. The economic data around the world has...
There is a big difference between being pro-freedom and being pro-business, and the public health debate illustrates this point very well. Whilst advocates of authoritarian...
The crypto-bulls have regained their mojo now that Bitcoin is at $11600, though $2000 below its most recent peak. While financial history tells me parabolic moves always end in...
Whichever candidate takes the keys to Number 10 later this month, the change of Conservative leader and Prime Minister looks set to mark the end of the net migration target. As...
Most large funds hate development risk – but there are real success stories out there. You just have to avoid the more spurious schemes… Monday morning’s first call is from an...
Nonfarm payrolls rose to 224,000 in June, the highest since January, thus popping the bond market consensus that the Federal Reserve would turn ultra-dovish at the July FOMC....
The internet has opened a huge window onto the range of products and services available to consumers, and revolutionised the way we purchase them. In the UK alone,...
Widespread disaffection, income-inequality, Brexit and Donald Trump – will it get better? I sense that summer 2019 in London is going to be a disruptive hell. Climate change...
When the Governor of the Bank of England speaks, it is always worth listening to, and he is on to something when he writes about market liquidity; he is surely right to flag the...