Global | The Property Chronicle

A tale of two pizzas: are property values really yours to keep?

by Joakim Book | Oct 28, 2021 | The Professor, zEditor's pick, zLead Article

Spoiler: No, they’re not. However much we love our homes and the dollar figures that realtors assign to them, those values are not ours until the day we sell. But let’s start with the pizzas. Say you run a pizzeria in your town. You sell good pizzas...

Risk management in African real estate

by Martin Schwarzburg | Oct 27, 2021 | Golden Oldie, The Fund Manager

Originally published April 2021. When thinking about successful emerging market investing, the following quote comes to mind: “In an unfamiliar culture, it is wise to offer no innovations, no suggestions, or lessons.” (Maya Angelou, American poet and civil rights...

What if a great crypto crash is coming?

by Benjamin Juhlin | Oct 26, 2021 | The Economist, zLead Article, zNewsletter

In 1929, Ludwig von Mises rejected a job offer for a high position at the Austrian bank Kreditanstalt. He believed that a great crash was coming and didn’t want his name associated with it. Since then, economists of the Austrian school have successfully managed to...

The Hume-Rousseau affair

by Daniel B Klein | Oct 25, 2021 | The Historian, zOtherDiversions

When David Hume learned in 1762 that Jean-Jacques Rousseau was interested in relocating to Britain, he got busy to make that happen. The two men first met in Paris in 1765. They travelled together from Paris to England in January 1766. Hume...

The cycle will always be with us

by Julian Jessop | Oct 21, 2021 | The Economist, zLead Article, zOurWriters2

It just isn’t possible to do away with boom and bust Mark Twain is alleged to have read a newspaper account of his own passing and declared, “The reports of my death have been greatly exaggerated”. That story may well be apocryphal, but it has stood the test of time...