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Written by Scott Fulton, Co-CIO and Co-Host of Keanaissance Two point five trillion dollars. That was the value of the market in securities lending in September 2020. It is likely to have increased since then. Context. The market in securities lending is larger than the GDP of all but the seven largest economies in the …

Gazes Also. Read More »

Written by Scott Fulton, Co-CIO and Co-Host of Keanaissance On 1st June 1980, Rush played the Southampton Gaumont on their Permanent Waves tour. During the set, the band played Freewill, whose lyrics, written by the drummer Neil Peart, include the line: If you choose not to decide, you still have made a choice. Long of …

Primum non no cere Read More »

Written by Scott Fulton, Co-CIO and Co-Host of Keanaissance After another rehearsal, the band repaired to the pub. The discussion turned to the lack of bookings for the band’s innovative brand of yacht-rock and shoegazing. In 1983, it was becoming clear that there was a limited market for a fusion of Steely Dan and early …

Curb your Enthusiasm (née Irrational Exuberance) Read More »

Written by Scott Fulton, Co-CIO and Co-Host of Keanaissance The PPE degree offered by Oxford University is much prized. It combines three strands of “thinking” which, according to the Dons of the 1920s who launched it, would open minds rather than harness them to a discipline. Philosophically, Confucius is the shoulder on which many subsequent …

The Perfect Storms Read More »

Written by Scott Fulton, Co-CIO and Co-Host of Keanaissance According to several Sinophiles, the Chinese symbol for “Crisis” does not consist of both “danger” and “opportunity”. Instead, it is argued that the word is constructed from characters denoting “danger” and “a tipping point”. The latter, loose, translation implies the change assumed as positive in the …

Lightning in a Bottle Read More »