Thought Leadership

Survival of Democracies

The earliest form of democratic authority is accredited to the Greeks less than 2,500 years ago. Democracy has survived in…

Risk of Regret

Regret is a very strange emotion. The dictionary advises that it is a feeling of sadness, remorse or repentance over…

Some Aspects of Gold

It’s quite some time since we wrote about gold but its validity is as compelling as ever. Less than two…

Real Negativity

MMPI Investment Products A nominal interest rate is the price that it says on the tin – whereas a real…

Laffer Curve

Last week’s piece on tax (or was it on drinking?) certainly created a stir. MMPI finds this somewhat surprising because…

Tax Reform

Legend has it that death and taxes are two certainties in life but there is a third – the guys…

Arithmetical Losses

Older readers may remember a time when loss referred to Joe Loss and his Big Band Orchestra. Nowadays, of course,…

Meaning of Meaning

It is said that theories are expounded about absolutely every conceivable topic – the Meaning of Meaning is an example.…

Cucumbers & Grapes

What have cucumbers and grapes got to do with finance? Both represent rewards causing either satisfaction or annoying distress. In…

Useless Efforts

The idea of an effort being useless is counter intuitive. Effort is defined as an undertaking using up a lot…

Frustratingly Impossible

Optimists do not deal with impossibilities; for them everything is possible. Realists know better! In legal terms, impossibility is a…

Marginal Gains

We are intrigued by the ongoing Team Sky/British Cycling controversy and the process of “marginal gains” as an explanation of…