• Where’s my camel?


    I have waited to write anything until the G20 Summit concluded on the off chance that something substantive would be announced, the definition of insanity being expecting a different outcome…

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  • “Talk it then walk it”


    This is a good day, markets like what they have heard from Europe and the solutions proposed covered all the main bases: Greek haircut of 50% ( about right) EFSF…

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  • State of the Union


    As I am in the US for the next ten days it seems appropriate to take a look at the various asset classes and their relative values and prospects. Interest…

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  • Dave’s big bazooka


    The soap opera that is the Eurozone debt crisis (we think it should be called either Die Nasty or Defaultnation Street, both in honour of the Greeks) produced two new…

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  • “The Game is afoot”


    One of the many fascinating things happening at the moment is the huge divergence of opinions and predications being made by the worlds “financial experts”. Some talk of the breakdown…

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  • Politics and the “art of the possible”


    One of the quotes on our website comes from Charlie Munger who said and I paraphrase “The greatest motivator of human behaviour is that of perceived self-interest.” In essence humans…

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  • Can real estate make a comeback?


    When I was in the US recently I met a professional real estate investor “everybody wants to get into real estate” he began. “It makes sense. Prices are back at…

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  • A bull market for the Russian bear


    Pundits have suggested that Russia has run out of steam. I recently watched this interesting video from presidential aid Arkady Dvorkovich, where he highlights that Russia has three key competitive…

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  • Where in the world are houses cheap?


    House prices in most parts of the world remain overvalued compaired to their historic norms. I recently talked about the opportunities in America.  The US market has fallen up to…

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