Diseconomies of scale

It is often assumed that small schemes (those less than £500m) will always struggle, due to their limited resources, to compete performance wise with their bigger counterparts. Recently published research by Goldman Sachs Asset Management has shown that the big difference in performance (given the fall in interest rates) is due to whether a scheme…

Complexity is a perception

Many readers will be familiar with the challenge of office temperature. Some team members think the office is too hot, and others too cold. It suggests that our experience of temperature is based on perception rather than reality. As an experiment, try the following: Fill a bowl with tap water Put one hand under a…