Serious investment thinking that doesn’t take itself too seriously.
Office condos have always occupied an odd place in the commercial real estate world. With few exceptions, corporate tenants generally don’t want to own their office space—they prefer the flexibility of leasing and generally have better things to do with their cash. Real estate...
All leaders, not just generals, tend to fight the last “war.” All readers of Hayek know why: they feel compelled to promulgate a response but lack sufficient information to make...
The Covid-19 crisis is a tough time for everybody: family, friends, business, we’re all suffering in different ways. In England people are only just having to get used to living...
The Covid-19 crisis is approaching its economic peak. Companies are in shell-shocked reaction mode. Yet that instinctive reaction – locking away cash – might well be the worst possible thing they could do.
This is the first of four articles on how to develop an edge in the world of racehorse syndication. The three future articles cover finding a system to beat the market, choosing...
Data is either structured or unstructured. Structured data is neatly arranged in rows and columns, like a spreadsheet. Unstructured data is messy and disorganised. It shambles...
In terms of my political risk career, betting against Europe rising to superpower status—as many left-leaning commentators blithely predicated in the early 2000s—has, to put it...
Jo Welman’s thoughts about the macro investment outlook communicated to his investment clients: At the close of business last night the FTSE 100 had fallen 43% in 2020 and the...
In 2009 the GFC, which was responsible for severe asset value losses, resulted in a large funding gap between the debt position and the asset value. As this was essentially...
Of course the MIPIM should have been cancelled earlier. When the decision was finally taken by Reed MIDEM, the fair organisers, large swathes of the gathering’s registered...