Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
And that means the future of real estate capital isn’t public or private. It’s both. It’s modular, liquid, and programmable.
China needs us to buy its stuff more than we need its stuff, but it's all just noise relative to the stuff that really matters. I am going to going to offer two somewhat...
No signs of capital flight yet. Just two quick charts on the “Fade America, Long Europe” trade that’s become de jour. The basic premise is that big bad Trump is...
Other things equal, a higher valuation for an asset should make it less attractive. Returns are being pulled from the future to the present. So why does the reverse often seem to...
Well, I suppose Trump doesn’t actually chicken out of everything. The U.S. has bombed Iran’s three nuclear enrichment facilities. Here was Trump’s announcement of the strikes on...
If there’s a truth I’ve learned working on projects across 25 countries last year, people are more alike than they are different.
A quiet shift is gaining momentum in Japan which has the potential to reshape the country’s commercial real estate landscape. After years of slow progress, corporate governance...
There are a few theories, but none of them really satisfies. I recently wrote a post arguing that globalisation didn’t hollow out the American middle class (as many people...
I recently read an article in Estates Gazette from Peter Bill titled “unnatural selection is now pervading recruitment” and it drove me up a wall. Only because Peter is right,...
The missing piece in our urbanist discussion. Eight years ago, around the time I moved to San Francisco, I watched the Disney movie Big Hero 6. It’s set in a city called “San...