Serious investment thinking that doesn’t take itself too seriously.
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 reforms are starting to shift how Japanese companies manage their balance sheets, which could bring a large and often...
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...
There's a far more plausible explanation, and if anything, AI will be a job-creator. “AI is taking white collar jobs” is a thing people are saying, but they’re very probably...
We tend to focus on which country is top dog, but perhaps we should think about debt and compound interest as the apex predators in all this. When President Trump suspended...
One of the key issues that asset allocators (particularly Defined Contribution Pension Funds) have wrestled with is how to construct a real estate weighting that combines the...
Have we got the policy settings right? In modern societies action against crime is un-coordinated. Strategies to deter crime are a jumble of public resources (largely funded by...
One of the great things about most real estate is the relative predictability of cashflows and rental growth due to multi-year contracts (and the importance of the physical...
The tokenisation of real estate is a hot topic. It describes a process of digital fractionalisation that purports to confer substantial advantages on investors. However, despite...
Howard Marks puts it perfectly: "We must never forget about the inevitability of cycles. Ignoring cycles and extrapolating trends is one of the most dangerous things an investor...
A new generation of operators are boosting returns by marrying Medicaid and real estate. When America’s two largest industries meet, interesting things are bound to happen. And...