Serious investment thinking that doesn’t take itself too seriously.
Investment themes and trends
HR isn’t here for you. That might sound harsh, maybe even paranoid, but it’s the truth you learn after your third, fourth, fifth year in the job. After you’ve been gaslit by middle management, after you’ve seen someone brilliant cry in a stairwell, after you’ve been told to “keep it professional”...
Pop the champagne, hoist the main brace, rejoice, and be grateful! The real estate sector isn’t just up, by a whopping 6%, it’s also outperforming the All-Share Index. It may...
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...
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,...