Serious investment thinking that doesn’t take itself too seriously.

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Wilful Blindness

Wilful Blindness

‘Wilful blindness’ describes the phenomenon of human beings not seeing what they don’t want to see. Not looking too hard might be another way of putting it. You and I can think of several examples if we try.   It’s that time of year again. Sun sea, sand etc....
Defense, discipline and downside mitigation

Defense, discipline and downside mitigation

The core investor’s playbook. Who would want to invest in an opportunity that was more likely to fail than succeed? In most fields of investing, including real estate, the answer is nobody. But for venture capitalists, it is a different story. “We are in the business...
WFH is here to stay

WFH is here to stay

Alongside the Private Rental Sector, there is another segment of British property which can reasonably be considered to fulfil dual residential and commercial roles; where ones living abode doubles as a workspace. And whilst home working is hardly new to Britain, its...
Beware risk assets

Beware risk assets

The data and price action last week reinforce my conviction that Wall Street risk assets are now in a classic Catch-22, heads I win/tails you lose scenario. The strong economic growth data we saw in February and spike in inflation metrics mean more Fed tightening...