Dan Davies and Darren Sharma on finance, risk, offshore research, and the industry as we see it.
FT contributor. Author of The Unaccountability Machine and Lying for Money. His Substack, Back of Mind, has over 10,000 subscribers.
Frontline's head of quality assurance, in the FT.
Dan writes regularly for the FT's Alphaville on finance, regulation, and institutional failure.
Dan's newsletter on accountability, systems, and what goes wrong when organisations stop thinking. Over 10,000 subscribers.
It is silly season and summer reruns – I’m sorry for the non appearance of Friday’s post. However, I am not, I think, as lazy as whoever printed this in their trade journal: It was this quite shocking error which triggered my already finely calibrated spidey sense for an Infrastructure Guy talking rubbish on a podcast, using the rhetorical device I call a “ chortle ” to belittle an important…
Read on Substack → Aug 5, 2026I have occasionally said in the past that training in Marxist economics tends to give you a) a weird, unrealistic and largely useless theory of economics plus b) a clear understanding of how economics relates to political power. While a training in mainstream neoclassical economics only gives you the first of these. Which is more of a laugh line than a serious piece of analysis, but if I…
Read on Substack → Jul 31, 2026summer reruns period, and while going through my bottom drawer for things to post, I remembered that when “Lying for Money” was published in Italian (in an absolutely gorgeous looking edition by Il Saggiatore press, under the title “ L’arte della Trufa ”, I was asked to write a couple of extra bits for an Italian audience. The following story hasn’t appeared in English before, but it might…
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