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The Storyteller

The powerful drumming of graduation

by Garrison Keillor | Jun 30, 2025

I flew to Duluth Saturday to an enormous hockey arena to watch my tall handsome grandson in his black robe and mortarboard walk forward and accept his college degree. What made...

The Fund Manager

Trading places: Chinese and US homebuilders in 2025

by Michael Shaoul | Apr 28, 2025

The general view at the start of 2025 was that whereas the US real estate market was poised for another year of steady growth, China was in the midst of a multiyear depression...

The Fund Manager

Cheap doesn’t always mean value

by José-Luis Pellicer | Apr 14, 2025

In a recent LinkedIn discussion, I quoted the classic Howard Marks line: “There’s no asset so good that it can’t be overpriced and become a bad investment, and there are very few...

The Analyst

Greenland: here we come

by Brad Hargreaves | Apr 7, 2025

Today’s letter will explore Greenland’s potential as a real estate market by profiling a new real estate investment firm, Terra Boreale Ventures, which seeks to capitalise on these opportunities by sponsoring real estate projects at the fringes of American adventurism.

Unreal Engine: Convergence of gaming and real estate

by Conrad Grobien | Jun 18, 2024

Unreal Engine is a widely-used game engine developed by Epic Games. It provides a suite of tools for creating interactive 3D and 2D experiences, including video games,...

The Professor

A Drinking Man’s Guide to Monetary Policy

by Gary M Galles | May 18, 2022

There is an old expression – to drive someone to drink – which means to annoy them to distraction. My favourite version of it is George Thorogood and the Destroyers’, “Son,...

The Fund Manager

Staying power versus paying power

by Jamie Dannhauser | Mar 16, 2022

Inflation is running hot, even before wage-price pressures have begun. Central bankers tell us the current burst of inflation will be transitory and workers will not mind the...

Alternative assets

The history and economics of British racecourses

by David Hill | Jul 8, 2021

Originally published August 2017. David Hill begins his series on the status of the horseracing industry. This is the first in a series of four articles on the history of British...

The Analyst

Global residential markets adjusting to disruption of Covid-19

by Sophie Chick | May 12, 2020

Over just a few months, Covid-19 has disrupted almost every corner of the globe. In the residential market, this has led to transaction numbers drawing to a standstill in many...