A Year in London 2016/17

March 2017: EMs and the World

Guy Cheatham

The recent weeks have arguably been the busiest thus far during my time here in London, primarily consisting of summative papers, presentations, and interviews, but the main highlight in which I want to discuss would be my experience at the 2017 LSE Emerging Markets Forum. Taking place at the Millennium Hotel in Grosvenor Square, the EMF is the largest event of its kind globally, and I had the pleasure of meeting and connecting with students from London, Europe, and areas outside of the continent. The purpose of the forum is given in the name itself, which was to discuss the future of developing economies in the coming decades, and how the current political and economic atmosphere will affect their development, in addition to approaches taken by investors in developed economies to these markets.

For those unfamiliar with Emerging Markets I will give a brief background on the subject. Emerging Markets are economies, mainly located in Asia, Africa, and Latin America in which are experiencing significant population growth, urbanization, and fast-paced industrialization, among other growth factors. They provide huge opportunities for installing lines of production due to cheap labor and growing populations, in addition to new markets for companies to expand to. The four largest EMs are the BRIC economies (Brazil, Russia, India, and China), and they are growing at significant rates (maybe not Russia at the moment). To put this growth into perspective, China’s rate of development is extraordinary; the soon-to-be largest economy is building cities in which will not be inhabited for at least a decade. The rate of urbanization in China is fast, yet that cannot even keep up with development. As an investor from a developed economy, it is easy to see why China, among other EMs, are attractive opportunities. Because of these growing economies, we are seeing a shift of wealth from north to south, and west to east, which will dramatically change the global economy in the coming decades.

The Forum opened with a series of questions, mainly concerned with Trump and Brexit, and the first question for the audience was rather bold: the opening speaker asked us to raise our hands if we thought that the EU would collapse within a decade, and over half of the room thought so. This moment reflects the changes seen in the international landscape, and many speakers would center their talks around uncertainty and how it will affect EMs in the coming years.

The speaking lineup at the forum was strong;LSE Emerging Markets Forum it included Gary Coombe (President of Procter and Gamble Europe, who talked about gender equality in EMs), Simon Sproule (Vice President of Aston Martin, who talked about the role of the luxury auto industry in EMs), and Leslie Maasdorp (VP and CFO of New Development Bank). Other topics in the forum ranged from international security, global real estate, and central banking and macroeconomics. My experience at the forum came with the following takeaways:
Given the economic, political, and technological progress we have undergone in the previous 50 years, there is no reason that we should not be rational optimists about the future, despite the uncertainty we face today.
Expect new players to become key decision makers in the global in the near future. China will be the most important case, as its economy is will be 150% the size of the US economy by 2040, should current trends stay constant. Africa will also become an increasingly influential player on the global stage, as its population is expected to reach 2 billion by 2050. These economies will become key decision makers on the global stage; investors from developed economies will want to invest in areas of significant growth, and the world economy will become more integrated.
Whether or not one wishes to have a career relating to EMs, going to these countries is important, just in terms of meeting the people there, and seeing how their societies operate.

The third and last point came from Ian Hannam, former partner at JP Morgan and mining titan, a man who has made a fortune off EM investment. Hannam’s point about traveling is important; he told us at the EMF that it is one of the most important endeavours for young adults to take up, as it helps people understand where others come from, and how they developed their views. The EMF was a lovely experience; it taught me quite a bit on a topic I was not familiar with, in addition to how important EMs are for the future. I hope to learn more about developing economies more, as they become increasingly important to the future of the global economy.

A Year in London 2016/17

Guy Cheatham
February 2017: Barcelona, Brexit, and more

My first four entries have consisted of my experiences both within and outside of London. I have discussed in depth my initial thoughts when first moving to the UK five months ago, the following weeks in which I was acclimating myself to a new way of life, and the unforgettable experiences in which I have had in other locations throughout Europe. The constant theme throughout the past few months has pertained to how my experience in Europe has changed me, yet a missing piece I have yet to touch on has been the things I began to notice during my time here, and how my experience here changed my outlook on the world.

The first few weeks of term for me has consisted of essays, stacks of reading, preparing for internship interviews, and preparing for the LSE Emerging Markets Forum in March, the largest of its kind. The academic climate at LSE has begun to pick up pace. Students are flooding in greater numbers into the library, and the thought of exams inching closer by the day worries some, while motivating others to spend the following weeks devoting even more time to academics. Preparing for exams is a race against the clock; you must be prepared when an assignment in which could determine your entire class mark arrives. A relief amidst the stress came in a trip to Barcelona this week, where Adrian and I visited Aaron Dawley, who is currently studying there. It was great being able to have an H-SC reunion (even though PSG shutout Barca 4-0 while we were there), and I wanted to give a shoutout to Aaron for showing us around some. He certainly picked a wonderful city to study at.

La Sagrada Familia

La Sagrada Familia

In the midst of being buried in books, other changes have contributed to the change in the LSE climate, in addition to overall climate of London. As substantial political developments continue to unravel worldwide, I can hear people along the streets discussing these developments, some with praise, and some with concern. I never truly understood the global implications of the change in the US presidency until moving to London, especially when witnessing large protests on every bridge during Inauguration Day. Following the election in November, students at school (some who are good friends, and some of whom I have never met) would pull me to the side to ask me, the American, about my thoughts on the election. My response would be something along the lines of how I cannot rationalize the decisions made by the ~125-150 million individuals who decided to vote, and that if the individuals who talked to me would let a few days, maybe a week pass, maybe some new developments would provide the proper explanation for Trump’s victory. It will be interesting coming back to the states following a year of being away from these developments, but for now I can interpret them through the words of others.

I have been keeping a closer eye on Brexit ever since moving to London, since the PM’s push to trigger Article 50 is occurring 15 minutes west of my residence. Despite my opinion on this debate, I think that being in London allows me to access this political development (most important one in 21st century Europe) in a way in which I can not elsewhere. When Theresa May was forced to publish an actual “Brexit bill” following the government’s defeat in a landmark case against London-based business owner Gina Miller, Miller began to receive threats all over social media and throughout the streets, as Brexit supporters flocked in droves to Westminster to protest the prevention of the immediate triggering of Article 50. I walked by these protests, and seeing the reactions to a landmark case in one of the most important political developments in recent history in person is indescribable. Most, well just about all of the people I have talked to in London, whether they be in finance, government, or academia, are against the decision to leave the EU, and with good reason. Firms throughout London are at risk of losing their passporting rights, which in turn would prevent them from being able to conduct business efficiently with other states in the EU. As Article 50 is triggered in March (maybe later), it will be interesting to observe how the actual process of leaving the EU will affect the climate around here, something I will continue to discuss in my next entries.

The following weeks, academic-wise, will be the most difficult at the LSE thus far, yet following my trip to Barcelona I hope to continue to explore new parts of London, as I realize that I do not have much more time here before I go home.

A Year in London 2016/17

Adrian Guerra
February reminded me that the sun and blue skies do exist. Since my arrival in September, I had not seen the sun or felt relatively warm weather and in that sense, February has been amazing. London is becoming livelier and less grim, which had been the vibe for most of January. School is only getting tougher, but I seem to be adapting to the European style of study, which makes this semester feel much better than the last one.We are currently on Reading week, which means we have a break from non-quantitative classes, unfortunately for me that means I only get a break from one of my courses.
I managed to get ahead of my classes so that I could take a trip with some of my friends, and Barcelona was our chosen destination. Barcelona was beyond amazing, the people were so welcoming, which is a nice change compared to the more closed off environment found here in London. The Sagrada familia has become my favorite building in all of Europe, I don’t think I’ve ever seen anything as breath taking as the magnitude of this church which has been under construction for one hundred and thirty one years, as odd as that may sound. The food in London is not very good, so it was also nice to eat better food in Barcelona, I think I might have eaten my body weight in paella and tapas. We spent a whole day on the beach drinking, eating, and soaking up the sun. This trip was exactly what I needed, just coming off exams and classes starting to get overly difficult again, this was the break I needed so desperately.
As much as I am enjoying my time abroad, it’s hard to say I don’t miss good ol’ H-SC, there really is no place like home.

A Year in London 2016/17

Adrian Guerra
January has been a tough month so far. Unlike in the states, LSE Students take their midterms during the first week of the month. I have spent weeks holed up in the library before the exams and all that is left is to hope I did well on them. I had two days off after taking my exams and then resumed with my classes. LSE’s classes are yearlong, so fortunately starting this semester did not require a big transition from last semester. Working and studying has proven to be a handful and very time consuming; however, it has been a wonderful experience and I believe this opportunity will definitely help me next year when I am applying for jobs. London is starting to feel more like home now, I feel more familiar with the city, the lingo, the culture, and most importantly the school. Compared to H-SC the weather here is phenomenal, it’s not warm by any mean but at least there is no snow here in London. Reflecting back on my time here, it’s crazy to think that I have already been here a full semester, time just seems to be flying by. I hope to get to travel more around Europe this semester and I am making it my goal to also explore London to its fullest.

Chin Chin

Chin Chin Lab

Last week, I went to the Lion King musical and it was outstanding, they use the whole theater to their advantage and it was just a phenomenal experience. Afterwards, I went to a very renowned ice cream shop here in London called Chin Chin Lab and had the best hot chocolate and ice cream cookie sandwich I’ve ever had. This past Sunday I decided to visit the James Bond Museum, which as a huge fan of the movies, was something I have been meaning to do for a while. The museum is composed of every car, plane, gun, or gadget ever used in a James Bond movie. Being a LSE student and living in London has been an amazing experience and I cherish this opportunity more and more every day.

James Bond Museum

James Bond Museum

A Year in London 2016/17

Guy Cheatham

Exploring New Places with Family and Friends

Michaelmas term ended back in the beginning of December and the students at LSE were relieved that they could spend the coming weeks relaxing while rejuvenating their minds to take on another intense term. Some took trains back to their hometowns throughout the UK, some flew back to other areas of the world to be with their families, while others decided to either stay in London and relax or travel. Understanding that there was a whole continent to explore, a friend and I decided to embark on a fast-paced journey, covering five countries in a span of twelve days, ranging from adventures in the frigid Icelandic tundra to sunny Venice. Following the trip my family and I decided to approach Christmas differently this year by exploring what the great city of London has to offer while enjoying each other’s company for the first time in months.

When my friend Sanjay and I planned this cross-continental trip, we focused on selecting places which we never thought we would go to in our lifetime. We wanted to diversify this trip, making each location as different from the previous as possible. A goal was to see completely contrasting cultures and landscapes, and based on the locations we selected, I believe we achieved said goal. On December 10th, we were on a plane to Reykjavik, Iceland, a city of 200,000 people, constituting approximately two-thirds of the entire Icelandic population. Iceland has seen a significant boom in tourism in the past decade (there are more tourists on the island at a given time than inhabitants), and considering the adventures on which visitors can embark, there is no need to question why. The country has a beautiful landscape, ranging from snowy glaciers to green pastures which appear to come right out of Game of Thrones. The horses there are indigenous only to Iceland, and we were able to see them run in unison along the countryside on the way to go snowmobiling in Lanjökull, the second largest glacier in Iceland. The conditions were rough that day, as there was a severe blizzard, yet we thought of it as a part of the adventure, making it feel like we were truly in the tundra. When combining this experience with witnessing the Aurora Borealis, Iceland was truly an unforgettable experience, one of which I would recommend to anyone who hungers for adventure in the Arctic.

Snowmobiling in Lanjökull

Snowmobiling in Lanjökull

Following our adventure in Iceland, we made short stops in Amsterdam and Venice, touring the Dutch city’s illustrious Heineken Brewery and meeting our friend Allison in the Italian port city, where we embarked on a gondola ride and toured around San Marco. Our next destination was in Slovenia to meet our friend Matic, who is a Masters student at LSE. We spent the first day hiking at gorgeous Lake Bled, followed by a nighttime trip to a Christmas market in the capital city of Ljubljana, which was filled with delicious food and drinks in addition to lively music. The final destination of the trip was in Budapest, a city filled with ruin bars (abandoned warehouses/homes which were turned into bars), Christmas markets, art galleries and museums, and the infamous Buda palace. It is difficult to pick a favorite destination among the ones visited since each is quite different from the other, yet each place was fantastic in its own way.

Overlooking the canals in Venice.

Overlooking the canals in Venice


This trip did not mean the end of my winter break adventures, as my family arrived in London 36 hours after I returned. We were ecstatic to see each other, as it had been months since the entire family had been together, and I was incredibly excited to show them a city which has become another home for me. We spent the week touring the city, visiting art galleries, pubs, and common iconic locations like 10 Downing St. and Trafalgar Square, making that week an unforgettable adventure. Between my cross-continental trip and adventures throughout London with my family, winter break was an experience which I will remember forever. Now that term has started back up, I am back to focusing on my studies and overall making the most out of the LSE experience. I hope everyone’s New Year has been off to a fantastic start! Cheers.

A Year in London 2016/17

Adrian Guerra

On November 22, the British Parliament honored John Hampden for his patriotic acts during the British civil war. Miles Buchinghamshire, the earl of Buchinghamshire and descendant of John Hampden, invited Guy and me to the ceremony and to lay a wreath in front of the statue of John Hampden.


Honoring John Hampden

I woke up really early, since we had to be there by 8:30, and the commute was roughly about an hour. When we got there we couldn’t help but to admire the stunning scenic view that was in front of us. Parliament was a sight to behold and looked massive in size. We got a special tour of Parliament from the earl, Dominic Grieve (Conservative and former Attorney General), and Ruth Cadbury (The Labour Party’s spokesperson on Housing).

We learned a lot about the British government and about John Hampden’s role in the civil war. Did you know the Queen cannot go into most of the rooms in Parliament? She mostly stays in the House of Lords. I don’t think she has much to complain about though, because she has a fairly impressive golden chair in there. In addition to the House of Lords we went to the House of Commons, and that is as small as it looks on the television.  We found out they are planning on moving the House of Commons to a bigger venue to accommodate more people. We were not allowed to explore more of parliament on such short notice, but the trip was well worth it anyway. The architecture was beyond beautiful and the history that this building has was awe-striking.  The connections we made were incredible and the experience definitely once in a lifetime. It has almost been a full semester and I am beginning to feel completely immersed in the British culture.


Westminster….a view from across the Thames in the morning.

A Year in London 2016/17

Remembering and Commemorating John Hampden

Guy Cheatham

I have taken the tube several times to Westminster. I have walked down the Southbank numerous times over to this area. The bridge is swarmed by workers, students, tourists, and double-decker buses, as individuals look over the bridge to see the magnificence that is the historic House of Parliament. I look at the British government’s legislative headquarters and wonder what goes on inside, considering the intense political climate resulting from Theresa May’s push to trigger Article 50 and have Britain say farewell to its membership of the European Union. Luckily I was given the opportunity to find out.

Three-hundred and seventy-five years ago England was engaged in a bloody civil war, as Charles I’s power and legitimacy as king hung in the balance. Charles contested with Parliament early on in his reign, since he believed that the legislative body sought to curb his royal prerogative, and as a firm believer in the divine right of kings, he was confident in being able to govern under his own judgment. His policies were strongly disapproved by many of his subjects, considering said policies to be characteristic of a tyrannical absolute monarch. Disapproval came from the House of Parliament, among the leaders in the challenge to Charles’ rule being John Hampden. This disapproval stemming from the King’s subjects and Parliament resulted in the English Civil War, ending in the execution of the tyrannical king and the rise of Oliver Cromwell. Three-hundred and seventy-five years after this bloody conflict in which Hampden was lionized for, I was given the opportunity to take part in a ceremony commemorating his efforts to defeat a tyrannical monarch.


John Hampden (1594-1643)

Adrian and I walk into the House of Parliament on a cold Tuesday morning in Westminster. We were accompanied by the Earl of Buckinghamshire (descendant of Hampden), some of his colleagues, and two MPs (Parliament members). We make our way into Westminster Hall, one of the most historic rooms in the House of Parliament, as we were walking through the very room that Charles I was sitting in over three centuries earlier before the High Court of Justice, being sentenced to death for making war on Parliament and the people of England. Following the tour of Westminster Hall, came the wreath laying ceremony for John Hampden. Adrian and I were asked to lay the wreath before his statue in St. Stephen’s Hall, marking the commemoration of the stance Hampden took against tyrannical rule for the people of England. Following the ceremony, we were given the privilege to walk through the House of Commons and the House of Lords. The House of Commons is certainly much smaller and a more intimate setting than I expected, making it difficult to visualize how hundreds of MPs can fit into this small chamber. The House of Lords is a fascinating chamber as well, especially The Queen’s chair, covered in pure gold. Overall the experience in the House is an experience I will never forget. It is an intense political environment rich in history, and I am glad that I was able to be a part of its magnificence.

Wreath laying ceremony at the stuew of John Hampden

Adrian and myself at the Statue of John Hampden.

Many thanks to Dr. Widdows and the Earl of Buckinghamshire for setting up this opportunity for Adrian and myself.

A Year in London 2016/17

Guy Cheatham

Taking Time to Smell the Roses

I was going to my noon class for Public Policy Analysis this morning, taking my typical route to campus. I exit Bankside and make my way north to the river, cross the Blackfriars Bridge, and continue my commute alongside the murky Thames until I reach the Temple underground. I make my way across a roundabout to Aldwych St. to the LSE Garrick coffee shop, order a coffee, and begin to study game theory. This morning seems like a typical city commute; I was focused on getting to my destination and knew that like a typical day at LSE, I had a full plate for my day, and while I could talk about the rest of the day and my notable experiences in London thus far, I would like to focus on the observations I make on my commute and their significance.

An early evening view of the Thames

An early evening view of the Thames

Let us begin with the beginning of this walk. I walk outside my complex in the morning to be greeted with arguably the most illustrious modern art gallery in the world, being the Tate Modern. Though the gallery is not much to look at from the outside, the inside of the gallery contains a large collection of the finest pieces of modern expressionist art. The next part of the walk is when I get to the River Thames, where I am greeted by one of Sir Christopher Wren’s finest contributions to the city, being St. Paul’s Cathedral, an iconic landmark from the great rebuilding of the city following the Great Fire in the 17th century. I have walked a quarter mile at this point and have seen two world renowned landmarks. Following the walk on Blackfriars, I continue to commute alongside the river and can see the London Eye, Big Ben, The House of Parliament, The Financial District, and several other iconic parts of the city. When I go on this daily commute, I think of how my former college golf coach told me about how in this fast paced phenomenon we call life it is important to take time and smell the roses. I always go to campus early so that I can take my time and be able to enjoy city and its complex yet magnificent history around me.

Four centuries of architecture

Four centuries of architecture covered in one landscape.

The commute is not the only point of discussion worth including. When one moves to a new city, it is common for him/her (well at least me) to constantly make new observations about the new environment. London is a fast city, yet I can enjoy the luxury of walking at my own pace without getting trampled by a crowd of frantic folks. London style is certainly different from that of American style in terms of dress. People here enjoy wearing darker and nice clothing and typically pair their clothing with an upscale pair of tennis shoes, and considering the fact that I walk an average of six to seven miles per day, it is easy to take part in the Nike bandwagon.

An aerial view of the Roman Baths in

An aerial view of the Roman Baths in Bath, a place illustrious for it’s healing waters in Roman Britain.


The first few weeks have been quite eye opening and have been an absolute enjoyment. It is an environment that is politically active and consists of individuals from across the globe. The city has also emerged from its gastro-pub era (even though there are some still around) to a city with excellent food from across the globe (especially Indian and Asian cuisine). These points in which I have discussed have been just a small portion of my experiences so far, but with each day in London I learn something new, and this sort of experience continues to show the importance of becoming culturally educated in addition to understanding environments in other areas of the world. The commitment to being away from home for a year is certainly a gamble, especially in a place in which I have never visited before, yet I am more confident each day that this gamble will reward me in the end.

A Year in London 2016/17

Adrian Guerra

The commute here is vastly different from that of H-SC. The walk to campus is a good fifteen to twenty minutes away depending on how fast you’re willing to walk. The sights on the way over are breathtaking.


Cathedral in Bath

I pass by the river every day which is really fun, since there are always street performers and something exciting happening every day. The smell, when crossing the river, is that of caramelized nuts which is amazing and always tempts me to break my diet.

I really lucked out with the living arrangement here at Bankside, the room is about the size of a Whitehouse room, but all to myself. I have my own restroom/shower and a fridge, which is all a college student can ask for. I was very meticulous when I packed, I believe I brought all the essentials. My freshmen year at H-SC I over packed and regretted it so I didn’t want to make the same mistake here. I brought plenty of warm clothing and more formal attires since LSE holds several elegant events. People’s attire here really seems to vary, while some dress very elegantly others just go out in t-shirt and jeans. Luckily, coming from H-SC where everyone seems to always dress appropriately, it hasn’t been too much of a hassle coming here since I’ve been dressing as I would at H-SC and fit in just right.

Getting acclimated to the 6 hour difference was actually not as bad as one would think, surprisingly I sleep better here in London than I did in Virginia. I did find their use of military time odd and a bit of a nuisance.

My food experience has been relatively the same as it was back in the states; however, the best meal I have gotten here has been some eggs benedict at this nice local pub near my dorm. London has been amazing and is always very alive, there is always something going on and you don’t need to walk far to find it. The food is kind of expensive around here, so trying to find the places where food is cheap has been tough.

Classes are now starting to get tougher and it really requires strong study habits to succeed here, but luckily H-SC has already forced me to better my study habits so the work load is about the same.

A Year in London 2016/17

Adrian Guerra

Hello, my name is Adrian Guerra and I am studying abroad in London. I am enrolled in the London School of Economics General course and will be taking several economics courses as well as a philosophy and government course. Being in London has already presented an abundance of opportunities like joining clubs, getting to know the very vast and diverse city, and of course studying at the best economics school in the world. I look forward to exploring this amazing city and going to one of the many theatrical performances that can be found here.

I am really nervous about the grading system in London. The way classes work over here is one test at the end of the year determines your final grade, which of course is very different from the grading system in place at H-SC. Additionally, for each class we have a lecture and a separate class. The lecture is composed of over 100 students, my Macro class is actually composed of 500+ students which is insane compared to what I’m used to at H-SC. The separate classes do tend to feel more like home, since each class will not exceed 20 students. My biggest worry for the moment is getting used to this and staying on top of my studies, with no weekly work having to be done.

I hope to be available to fully explore London as well as to travel to other amazing countries around me. I also hope to become more cultured during this trip, I’ve already met some wonderful people from all over the globe. Another thing that I have to get used to in Europe is the food, portions served here are minuscule compared to what I am used to in the United States. Adapting to the new sizes of meals has certainly been a tad bit difficult, but not impossible.

I would highly recommend this trip to anyone, the school is amazing and the city is breathtaking.


London Bridge