Serious investment thinking that doesn’t take itself too seriously.
I enjoy reading good journalism, whether it chimes with my political view or not. Sometimes, however, I wonder whether I am reading something which is deliberately misleading – “we send the EU £350 million a week – let’s fund our NHS instead” – or just plain ignorant. Like many others, I also...
Simple comparison in property valuation involves greater complexity than some may assume – and it’s getting harder Comparison is the lynchpin of all valuations. In property, we...
WeWork’s ill-fated IPO is the tip of an iceberg WeWork revenue and operating losses and 'valuation' (US$) Riddle me this. We eat $229,000 every hour, every day, year after year....
The unthinkable has finally happened in a secretive central bank’s digital ledger in the heart of Beirut. The rating agency Fitch predicts imminent default on Lebanon’s sovereign...
Long-term property returns derive from income and its compounding potential – that’s precisely what REITs were created to deliver During the first half of 2007, Apple launched...
Several shocks, both positive and negative, have prevented the US economy entering an overdue recessionary phase The US economy is in its longest economic expansion on record....
Ultra-low interest rates were only ever meant to be a short-term move, to stimulate investment. Where is the normalisation we were promised? This has been a year in which, amid...
As the global commodity price cycle begins its downward swing, Russia is set to be hit hard, forcing Putin to reassert himself – unless the West acts first The impending...
If the property boom-bust cycle has permanently come to an end, what will that mean for investors? I have previously written about the impact of low interest rates and...
It’s hard to know if debt refinancing at today’s rates is a gross distortion of reality or the shape of things to come Are interest rate cycles a thing of the past? Have we...