

Blackstone, the LBO boutique founded by legendary Lehman partners Pete Peterson and Stephen Schwarzman, was the flagship IPO of the credit bubble era in 2007. My RMs at Morgan Stanley Dubai told me that some of the biggest sovereign wealth fund investors in the...
The long and the short of it

An idea, probably wrong, but it’s an idea
I’m thinking I should get to work on a museum of the era before the internet and cellphones and streaming music, so that people under 40 know what it was like to talk on a phone with a cord on the kitchen wall and gossip without your mother understanding what it was...
An idea, probably wrong, but it’s an idea

Gold: when the price goes up, more of it gets stolen in break-ins – new research
Are criminals rational? In his groundbreaking work of 1968, Gary Becker argued that they are. The American economist, who would go on to win the Nobel prize in economics in 1992, theorised that individuals engage in crime only if the returns are greater than the...
Gold: when the price goes up, more of it gets stolen in break-ins – new research

How family offices invest in real estate
These are important drivers of real estate market activity today and are likely to be even more important ones in the future. Family offices invest and manage assets with the aim of preserving the wealth of the respective families. Information on what proportion of...
How family offices invest in real estate

Elon Musk takes Twitter private
Here’s what that means for the company and its chances of success. Elon Musk has finally completed his US$44bn deal to acquire Twitter and take it private. The world’s richest man has already begun putting his imprint on the social network by firing four of its...
Elon Musk takes Twitter private