Does Uber tell us anything about private company valuations?
The recent flotation of Uber was probably the largest VC backed IPO of all time. After initial suggestions of a... Continue reading →
What makes markets efficient?
While I was on holiday in July I read Thinking, Fast and Slow, Daniel Kahneman’s superb summary of his life’s... Continue reading →
Credit Default Swaps – Not a Bang but a Whimper
In the Greek crisis, credit default swaps were the lion that didn’t roar. One of the supposed obstacles to solving... Continue reading →
Lloyds TSB and bonuses
Today’s press is full of coverage of Lloyds decision to clawback some of directors’ 2010 bonuses because of the cost... Continue reading →
Some thoughts on a Tobin Tax
There is still discussion about a Tobin tax – a tax on financial transactions. The French have said they’ll impose... Continue reading →
Book Review: This Time is Different by Carmen M. Reinhart & Kenneth S. Rogoff
I’m not sure whether this is the time for this book, or this is a book for our time. Either... Continue reading →