Klement on Investing

Apparently, most people vastly underestimate how often things around them go wrong. For every three species that go extinct, the public knows of one, for every five weapons undetected at airport security, people think one sneaks by. This and other insights are from a

I used to collect wine (back when I still drank alcohol), and as part of that, I sometimes went to fine wine auctions. And from time to time, you come across a lot where someone tries to auction off 11 bottles. If you know that a case has 12 bottles, you can guess what kind of signal that sends to bidders…

Odd numbers convey information, and typically, it is not the bes...

While many people fear that AI will eliminate millions of white-collar jobs, many have argued that Jevons’ Paradox indicates that the opposite may happen. The proliferation of AI may increase employment and productivity simultaneously.

For those who don’t know Jevons’ Para...

A bit more geopolitics from me at Reuters. This time, I focus on the rearmament of Europe and the US after stockpiles have been depleted by recent wars in Iran and Ukraine. In my view, there are troubling signs that many generals are just refilling their arsenals, rather than asking whether that makes any sense in the 21st century.

To pre-empt the inevitable comment about headlines that are questions, the answer to this one is an unequivocal ‘kind of’. The pandemic seems to have had a lasting effect on stock market participation among European households, with more European investing in the stock market for the first time.

A series of surveys across 11 EU member states showed that between 2020 and...