Financial Times title: Amundi warns that parts of private equity market resemble ‘Ponzi schemes’ FT subtitle: PE funds are selling assets to each other in ‘circular’ fashion, asset manager’s investment chief says By: Katie Martin Date: 1 June 2022 "Europe’s largest asset manager has likened parts of the private equity industry to a “Ponzi scheme” that will face a...
4 Jun, 2022
Introduction LO: This topic is a huge moral dilemma (to me) as Isaac Newton's Third Law of Motion must apply: for every action (force) in nature there is an equal and opposite reaction (eg, NASA, Wiki). Moreover, this will create a legal precedent for forthcoming centuries that will erode the separation of powers a.k.a. trias politica. Quite possibly, this cure is...
2 Jun, 2022
The slogan "media = virus" is written on a bridge that my son and I passed, last Saturday. He pointed it out to me. I replied that there is a lot of truth in it. The slogan dates back to the early corona days. Its meaning was different then: the relentless pushing of micro data (eg, infections) while ignoring the macro view. Essentially, nothing has changed...
30 May, 2022
My question above might be rhetorical. Several articles (eg, WSJ) highlight that foreign investors are fleeing China due to (1) its zero-Covid policy, including factory lockdowns, (2) its transition from pragmatism to ideology, (3) its saber-rattling on Taiwan, and (4) its support for the Russian invasion of Ukraine. A recent Dutch FT article still argued that...
6 May, 2022
Late April 2022, the Dutch multinational Randstad (eg, temporary labour) published the results of a study amongst students (eg, FD). Their main conclusion was that students are more interested in the culture and salary at an organization than its purpose or sustainability. I just wondered why this is even news. My title above is a phrase that we express once the...
30 Mar, 2022
On 5 December 1996, Alan Greenspan (the then-Federal Reserve Board chairman) gave a speech (ie, The Challenge of Central Banking in a Democratic Society) at the American Enterprise Institute for Public Policy Research and stated the following: "Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher...
- Loyalty, fidelity and principles
- The reverse currency wars have begun (Axios Macro)
- Fact check: did universal health care prevent corona deaths?
- Why do we have labour shortages?
- Identity vs Power: dialects
- Art vs Science
- Truth or dare?
- Collective vs individual behaviour
- Is Turkey more trouble to NATO than it is worth? (Economist)