My notes include some further random thoughts on the nature of stock market bubbles: are we in one today? Stuart Watson's profile this week is of AEW UK, a small commercial property trust that has the distinction of being the only listed property trust not to have cut its dividend during the pandemic The latest portfolio review will be featured in a separate post.

The anatomy of bubbles As you will know, there has no shortage of commentary about the idea that we are living through a stock market bubble. My friend Sandy Nairn has written a whole book about it. I have mentioned the bubble idea ...