Serious investment thinking that doesn’t take itself too seriously.
And that means the future of real estate capital isn’t public or private. It’s both. It’s modular, liquid, and programmable.
“Phil, I’m a melting ice cube.” I was having lunch with a friend who holds a senior position at a large, dull asset manager. “Nothing works anymore. Nothing. Not on the portfolio...
Is the REIT a solution to real estate capital markets woes? The capital markets are a miracle. Global capital markets are a miracle. But let’s focus on the biggest and best of...
The best thing about entrepreneurship is you’ve got no boss. The worst thing about entrepreneurship is you’ve got no boss. Boss is a terrible word. Mentor is a better word, but...
Silicon Valley Bank was at the right place, at the right time. We’re talking one-in-a-million here. SVB was founded in 1983 in Santa Clara, California, to provide financial services to technology and VC-backed companies.
Bezos, Google's AI debacle, and how constraints rather than resources drive innovation. Money was tight. It’s hard to even imagine it this day and age, but it’s true. On Wall...