

British American Tobacco (BAT) has been out of favour with investors since 2017 when its shares reached a record-high price of more than £56. Over the next five years, BAT’s shares fell by as much as 50% as investors worried about the long-term future of the...
Is BAT’s 6.5% dividend yield sustainable long-term?

Is it all over for real estate?
Welcome to the Zoomaverse (and you are welcome to it). Mark Twain is famously credited with saying: “Buy land, they’re not making it any more.” And then along came the metaverse. No doubt we all remember our basic micro-economics course and what we learned about the...
Is it all over for real estate?

Learning street-corner economics in London
As an economics professor, one concern I have long had is that I don’t want to limit how I train students to manipulate mathematical expressions which are typically unknowable to real world decision-makers (such as what the future demand curve for a firm’s product...
Learning street-corner economics in London

The risk addiction
In the depths of addiction nothing else matters. The pursuit is focused, relentless and uncompromising – dismissive of any potential consequences. So what happens when the addiction is to risk? I learnt about the nature of addiction to risk from the experience of my...
The risk addiction

The world is literally burning…
…and we simply don’t care enough. Originally published October 2021. The publication of the 3,949 page Climate Change 2021: The Physical Science Basis Report in early August elicited many different comments from governments, the media and individuals around the world....
The world is literally burning…