

If you plan to play the REITs game next year, here’s what you need to know. “Bad News for REIT Investors” … “Negative Ratings Bias Rises as North American REITs Confront Effects of Covid-19” … “From Bad to Worse for REITs” … It’s not hard to find articles that talk...
How to get it right with REITs

How I discovered the beauty of private debt
In the early years of my career, I wanted to start my own business. Stories of entrepreneurship in Silicon Valley captured my imagination, and in 1994 I took the plunge. In 2000 we sold our business to a public company, and promptly watched the stock we received in...
How I discovered the beauty of private debt

Five times this year the New York Times accidentally told the truth
The paper of record in 2020 shifted dramatically to the most illiberal stance possible on the virus, pushing for full lockdowns, and ignoring or burying any information that might contradict the case for this unprecedented experiment in social and economic control....
Five times this year the New York Times accidentally told the truth

Walter Hagen, golf and Florida real estate
This article was first published in January 2018. Real estate, golf courses and Florida sunshine have long gone together, but not always happily. It is to a golf complex in Florida (the wonderfully-named Valhalla Village) that novelist John Updike, with his keen eye...
Walter Hagen, golf and Florida real estate

The consensus also favoured alcohol prohibition
Most people today regard America’s experiment with alcohol prohibition as a national embarrassment, rightly repealed in 1933. So it will be with the closures and lockdowns of 2020, some day. In 1920, however, to be for the repeal of the prohibition that was...
The consensus also favoured alcohol prohibition