Serious investment thinking that doesn’t take itself too seriously.
The debate over property valuation methods has persisted for decades, often relegated to technical discussions among specialists rather than receiving the strategic attention it deserves. Thirty years after the Mallinson Report first identified the need for improved standards in real estate...
HR isn’t here for you. That might sound harsh, maybe even paranoid, but it’s the truth you learn after your third, fourth, fifth year in the job. After you’ve been gaslit by...
On the surface, single tenant real estate is the most straightforward asset class out there. As the name implies, each asset has a single tenant operating under one lease for the...
The rise of private markets has been supported by the perceived existence of an ‘illiquidity premium’ - or the extra return provided to investors as compensation for holding...
Just a little grab bag of charts, asides, and riffs on themes. YouTube is under-monetised Random Walk made the case for Google as a $2T company, even assuming search is a...
Dogs have become a plague on urban life. Don’t get me wrong, I love dogs. Growing up in rural Arkansas in the 1980s and 90s, our family regularly adopted abandoned hunting dogs....
The nature of China’s continuing global acquisition spree is simple enough to fathom. To amass externally all the ingredients essential for its relentless internal economic...
Introduction: Two key macro-economic signals I have always asked my students to watch were: ten-year treasury bond rates and monthly net employment statistics The logic for...
It is ironic that a firm once known as a blueblood investment banking heir of the fabled House of Morgan saw its I-bank revenues fall 5% in Q2 to only $1.6 billion. While trading...
Every generation deserves its own thing. Tokenization is theirs. In the summer of 1991, within just six weeks, the following albums were released: Aug 12 - Metallica - Black...