Maybe we’re all just a bit sensitive to the appearance of a bubble, what with having been so thoroughly splattered the last time one burst.

Buying a stake in a firm during an IPO by all rights is tough business. An investor has a lot to consider when placing a bid: the firm is untested on markets and little research likely exits. Who knows what dark secrets might lurk in closets. Furthermore, there is a delay from IPO to market debut and a lot can happen in a short time on markets these days. You buy in the IPO in the hope of buying cheaper than you could later on the market. But it is a tough call.

A Polish riddle. Calling on the wise, the economists-at-heart and the connoisseurs of emerging market absurdities for well-though-out explanations.

You will be forgiven for having missed the headline, but epic news was out just recently. News of herculean efforts that in ancient times would have forced the chroniclers to sit down with their pens to save the saga for the ages. In the current age, I've been handling the paeons, putting it up blow by blow on my service, capped with a recent six-part feature in April.

Talk all you will in Poland and abroad about the need to reform pension systems, push back retirement age and encourage private voluntary pension savings and the message invariably misses the mark.

Poland's fourth quarter earnings season, now in full swing, has shown a new trick: for the first time that I can recall, a management board announced their earnings from London.

The common wisdom is undergoing something of a stress test and the Q4 earnings season now underway might have a lot to say about the outcome.

Another quarter, another bright green Poland on a red map of Europe. Another quarter of hearing the government's top brass spell out their recipe for success.