From the editor...

“America has progressed from infancy to senility without passing through a period of maturity.” So said a character in one of Ian Fleming’s short stories in 1960. He was wrong then – or, was he, as so

The US government has shut down again. But even as the shutdown approached, stocks rose. How could they go up while the single biggest player in the whole economy withdraws? Because maybe it doesn’t m

A few years ago we kept hearing that the average human attention span had dwindled from around 12 seconds to eight, less than the average goldfish’s nine. The statistic rang true to me, given our endl

Alarm sounds in private credit: Last month, Tricolor, a sub-prime car lender, filed for bankruptcy. Ohio-based First Brands, a maker of car parts, followed two weeks later. Both companies had borrowed

From Small Acquisitions to Giant Shareholder Returns Oddbjorn Dybvad, Kjetil Nyland and Adnan Hadziefendic The Book Press, £24.99 C onglomerates have developed a bad reputation. Owning a sprawling col

Would you buy a 40-year bond from Oracle? No, neither would I. If, as Lenin said, there are weeks when decades happen, then anything could change in 40 years. In 1985, IBM and General Electric were tw