Serious investment thinking that doesn’t take itself too seriously.
More thoughts on a great civilization at its peak. “We are amazed, but not amused” — Stevie Wonder The 20th century had a bunch of rising powers that all reached their peaks in terms not just of relative military might and economic strength, but of technological and cultural innovation. These...
And we may see falls, says this writer. One of the features of the modern era is the way that central banks have come to regard house prices as one of their main agents of...
On Tuesday, February 1, 2022, the United States national debt surpassed $30tr for the first time. It’s the latest in a series of recent fiscal and monetary benchmarks received...
The passing last year of investment great David Swensen was very sad news. We are fortunate that he was a generous sharer of his insight. But we need to be careful to focus on...
From Ancient Greece to Vladimir Putin’s Russia. Faced with the imminent possibility of a Russian invasion of Ukraine and what appears to be a deteriorating diplomatic stand-off,...
Events in the US following the murder of George Floyd are an object lesson in what happens when policing is ripped out of communities. From Minnesota to Seattle via San...
Two countries whose memories of a ‘shared’ past could not be more different. With the recent build-up of Russian forces around Ukraine, Vladimir Putin’s claim that Russians and...
Most commentators were complacent about the risks of higher inflation in 2021 and seem determined not to be caught out again this year. But some of the rhetoric is now running...
In 2021, 20 countries pledged to no longer fund the development of fossil fuel power plants in other countries. This commitment threatens to keep millions of Africans from moving...
Central banks will do far more harm trying to tackle it. It remains to be seen whether the Omicron variant will shift Sars-CoV-2 towards becoming manageably endemic. But as and...