

Originally published May 2021. In their desperation to find a reason for why bitcoin is terrible-bad-destructive-awful and morally reprehensible, the crypto-obsessed authors of the Financial Times blog Alphaville – Jemima Kelly, Jamie Powell, Izabella Kaminska – are...
Bitcoin and a lesson in electricity markets

The hypocrisy, gibberish and cost of ESG
Kicking good sense out of touch. For most of us, the pursuit of profit has been the primary driver of our businesses. Recently, a new constituent has emerged in the form of environmental, social and governance considerations, ‘ESG’. This new ‘stakeholder’ does...
The hypocrisy, gibberish and cost of ESG

Humans v AI
Here’s who’s better at making money in financial markets. Artificial intelligence (AI) has now closely matched or even surpassed humans in what were previously considered unattainable areas. These include chess, arcade games, Go, self-driving...
Humans v AI

Of churchmen and heroes…
Our Proprietor’s somewhat unusual choice. Your choice of hero can reveal a lot, I reckon. Ronnie Reagan revered the ‘Duke’, John Wayne, and his canon depicting the lone cowboy standing up for freedom, decency and love of the land. In the 1980s, Neil Kinnock, trying to...
Of churchmen and heroes…

Singapore REITs – monthly analysis
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 853.35 to 816.11 (-4.37%) compared to the last monthly update. The Singapore REIT index broke the support level of 816 to a low of 799, but has since rebounded to 816. Yield spread (in...
Singapore REITs – monthly analysis