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Philip Delves Broughton rss

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How to tell a tech bubble from a tech revolution

There are two major schools of technology investing. The first believes that all investments these days are fundamentally technology investments. Every big company relies to a greater or lesser degree… Read more

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The American economy vs gravity

22 February 2014

The American economy always feels better when the Super Bowl is on. Ads for trucks and beer fill the airwaves. It’s steak and cigar season for the corporate bigwigs, not… Read more

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Watch out France: Nicolas Sarkozy is back, and he wants revenge

Nicolas Sarkozy is angry — a ‘caged lion’, one of his closest friends told Le Monde last week. He is angry about the state of France, the state of his… Read more

President Obama Holds Election Night Event In Chicago

Hope? Yes. Change? No

10 November 2012

What a long and nasty campaign that was. It is hard to imagine that a political race of such magnitude could be so intellectually and emotionally bunged-up. But it’s over,… Read more

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The future made Thiel

1 September 2012

Turn right along the American political spectrum and you find all kinds of curious species. First there are country club Republicans bemoaning the loss of their party to extremists. Then… Read more

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The despair bubble

Economists, we should all have learned by now, are mostly quacks. They practise neither a science nor an art but a bad game of darts. Boozed up on shoddy theory… Read more

Bankers or bust

7 January 2012

Last year a single sector of British industry was responsible for generating 12 per cent of government tax receipts, with just 4 per cent of the workforce. You would think… Read more

Philip Delves Broughton

22 October 2011

I arrived at the Occupy Wall Street protests on Monday morning, their one month anniversary, at 7 a.m. raring to go. That’s when the subway stations of Lower Manhattan are… Read more

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A rich man for all seasons

10 September 2011

Multibillionaire Warren Buffett may sound cuddly, but he’s talking from both sides of his mouth August was a typical month for Warren Buffett, America’s second richest man. While the leisure… Read more

Indolence and experience

2 September 2011

 School holidays for the children of the affluent used to be about doing nothing in particular. Tagging along to a sun-baked villa, perhaps, or slouching around Verbier in search of… Read more

Degrees of optimism

The speeches given to new graduates at American universities are a distinct literary form – and a measure of national mood To understand what is going on in America’s head,… Read more

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Bubble 2.0

There is nothing more maddening to an old-school investor than a bubble. And especially a bubble in which young people are getting outrageously rich. But here we are, 11 years… Read more

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Mormons on the march

In any discussion of Mormons, it’s worth getting the gags out of the way first. There’s the chafing underwear they must wear to deter them from temptation, which looks like… Read more

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Rotten Apple

There is a point in the life of all companies where they go from being truth machines to lie machines. The honesty necessary to succeed when times are difficult, either… Read more

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Not so slick, Mr President

Philip Delves Broughton says that Barack Obama has not dealt well with the crisis in the Gulf of Mexico — and his party will pay at the congressional elections in… Read more

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Is the suit against Goldman Sachs a fraud?

The official investigation into the firm’s activities is pointless, says Philip Delves Broughton. Governments are too weak to punish the financial giant I loathe Goldman Sachs as much as the… Read more

Chirac and the son of Nippon

13 September 2003

Paris Within the next few months, Jacques Chirac’s illegitimate son will turn 18 and the French press will face a dilemma. Do they celebrate his majority on the front page… Read more

Elf warning

Paris During the past ten years, 34 out of the 128 Cabinet ministers to have served in the French government have been indicted, mostly for financial crimes. President Chirac himself… Read more