I felt honoured to know Jakub Parusinski.We studied at the same MBA school, INSEAD, and worked at the same company, McKinsey. Quite some years apart but still the same path. Jakib then moved to a nobler cause, I have to say. He is one of the founders of The Kyev Independent, an English-language Ukrainian online… Read More »
There are no solutions, just tradeoffs.A great insight from Thomas Sowell here developed brilliantly by Konstantin Kisin in conversation with John Anderson. It is important to repeat this again and again in an age of magical thinking and populism that tend to attract people by offering “easy” solutions for problems that are too complex.There are… Read More »
Manter a tradição paisagística e de arquitectura de cultivo vitícola no Douro e lidar com a crescente escassez de mão de obra é um exercício difícil. Agravado por uma mão de obra envelhecida, menos disponível para trabalhos mais pesados.Não é possível mecanizar praticamente a 100%, como em regiões planas. Há que fazer compromissos, como aqui,… Read More »
Credit Suisse’s fail already made investors loose $ 17 B and counting. Other banks’ shares and bonds are being affected. It seems it won’t stop here. It was to be expected that the unfolding of QE and years of negative interest rates would harm the financial system and the economy as a whole. Are regulators… Read More »
Great analysis of SVB’s downfall, as usual by FT Alphaville. With some additional comments on Credit Suisse (a completely different situation).SVB was a classic case of Assets / Liability mismatch, 101 of bank risk management. On the Liabilities’ side, a huge concentration on uninsured deposits (96%); The Assets side was heavy on long term Hold… Read More »
“O Lento Esquecimento de Ser” de Miguel d’Alte Há muito tempo que não tinha desfrutado tanto dum livro de ficção. Depois de muita não ficção, sobre temas a que não consigo fugir, já me estava a fazer falta uma viagem pelo imaginário da vida. O prazer da leitura resulta de toda a experiência envolvente e… Read More »
Energy policy is one of the most important topics for the future prosperity of our societies and one where the debate has been politicised in the wrong way. The Unpopular Truth about Electricity and the Future of Energy, is a recent book by Lars Schernikau and William Hayden Smith. https://www.goodreads.com/review/show/5188786911 Lars is an INSEAD MBA… Read More »
Entrevista reveladora do ex governador do Banco de Portugal.Para além da pressão do PM a propósito de Isabel dos Santos, que foi amplamente comentado, o que mais me chocou foi a confirmação da jogada da “saída limpa”, colocando em causa o Banif.O governo Costa prejudicou o País e a venda dum banco para ganho político,… Read More »
Stephen Kotkin on Xi’s China, Putin’s Russia at Goodfellows by the Hoover Institution Can China’s current authoritarian model hold without destroying its economy, and what’s the near-term outlook for the war in Ukraine? Stephen Kotkin, an authority on geopolitics and authoritarian regimes joins Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane to… Read More »
Tive a honra de ser convidado pelo Instituto +Liberdade para apresentar o livro “Em Defesa do Capitalismo”, de Rainer Zitelmann no Palácio da Bolsa, no Porto, em 2022-11-02. Recomendo vivamente o livro, pois apresenta uma brilhante defesa da economia de mercado contra os mitos do “anticapitalismo” que predominam na nossa opinião pública e publicada. Deixo… Read More »