The problem with luxury is it wears thin pretty quickly. It soon becomes a real hindrance as it is supposedly meant to be the best but it never is. Once you find yourself flying First Class you demand the best seat (having checked out seatguru of course), complain about the films available and more importantly the poor service provided by the crew. This is why flying at the back of the plane is better; one’s expectations are always so low that if you are given a decent seat and a nice person next to you, the experience can be uplifting and rewarding and you haven’t paid the price of a VW Golf.
However, despite attempts to wean myself off this luxury fix, I flew First again yesterday. I was very disappointed. Really low. The reason? It was empty. Literally no-one in there except someone given an upgrade who I complained about and had them demoted (I didn’t like his loud voice). It is like having millions in the bank but not having anything to spend it on or show off too. It is a cliche, the man who has everything but it is also a lie because the more you have the worse it is.
So where am I? Who knows and who cares. The hotel sheets are almost perfect, the gadgets all very new and the internet connection is fast. Spotify works without adverts and I have developed a six pack after watching a 10 minute exercise segment on the wall size LED TV. The fridge is laden with undrunk booze and everything is in place.
The go live for FabTent Capital is Feb 2010 and it seems such a long way. All this soft marketing is so tiring. What is your track record? Why did you leave the company you founded? Do you still have your mojo?
Today my mojo is lost in the room safe and I have forgotten the combination.
For those who like a bit of German, you can read about me in business punk. I think. I see Richard Branson has displaced me on the cover. I mean who is this guy? He has a beard for cripes sake …
PROPERTY IS FLAVOUR OF THE MONTH IN HONG KONG’S IPO MARKET
A wave of initial public offerings from Chinese property firms is set to hit Hong Kong over the coming weeks. With at least four Chinese property developers currently at the pre-marketing stage, one might think that the three most recent listings in the sector had sailed through. In reality, though, the IPOs for China South City Holdings, Glorious Property Holdings, and Powerlong Real Estate Holdings were all plagued either by a lack of investor demand or by poor secondary market performance.
I have looked out of the window. It looks like Hong Kong outside. Or is it Switzerland?
RATE HORIZON LOWERS AS INFLATION FALLS TO 1.1%
Official figures from the Office for National Statistics today showed that consumer prices index (CPI) inflation fell to 1.1% in September from 1.6% in August.
Analysts had expected a fall to 1.2-1.3%, and it is the only month this year except April that the CPI figure has undershot expectations.
Deflation is a bit like depression …it just sneaks up on you.
AROS CAPITAL PARTNERS OFFERS ONSHORE FUND OUTSIDE UCITS STRUCTURE
The founding team behind the company consists of Nicolai Borcher Hansen, Peter Brink Madsen, Christian Falster and Jacob Madsen. Three of the founders recently broke away from Denmark’s largest privately owned asset manager, Formuepleje.
Malta? Is that where I am? I never thought Malta would become an onshore fund destination. The island that likes to say yes to everything …
BANKERS WILL FOLLOW HEDGE FUNDS TO SWITZERLAND
A new top income-tax rate of 50 percent, coupled with heavy-handed regulations planned by the European Union, are prompting the funds to quit the British capital for somewhere more sympathetic to their hypercompetitive brand of capitalism.
Despite UBS almost killing off Switzerland, it seems to have recovered quickly. Perhaps I am here.
BEAR STEARNS EX-MANAGERS ON TRIAL
Ralph Cioffi and Matthew Tannin, who managed two failed hedge funds that collapsed in June 2007, could be jailed for 20 years if convicted.
As much as I used to berate Bear Stearns, this is a really sad day. They borrowed too much and got caught out.