Is China about to implode?

Buenos Aires, Argentina Last night I was at a party. It was an elegant crowd, gathered in a garden around …

Ferraris, real estate or stocks?

Buenos Aires, Argentina Last week’s lunch at the American Club in Buenos Aires was thoroughly enjoyable. Around 12 of us …

When the CAPE ratio fails

No valuation ratio is perfect. All have their pros and cons. But one of the usually more reliable ones – …