Serious investment thinking that doesn’t take itself too seriously.
In 1988 Michael Sklarz and I published a paper called “It’s Time for Some Options in Real Estate.” In 1995 David Geltner and I suggested that we needed a fourth asset class, Housing Equity Investment Trusts (HEITs), whereby an owner could sell part of their home price appreciation to investors and...
How long can it last? Visiting logistics facilities is a big part of my working life. Not my favourite part – memories of teenage nights spent toiling away in a Shropshire butter...
From emptying out to filling back up, New York City is changing. New York’s real estate market has moved from epicentre to bellwether. In early 2020, the city was regarded as at...
The International Energy Agency recently reported that shifting to clean energy will create between 13 and 26 million jobs by 2030. They present this as a benefit, but...
Spoiler: No, they’re not. However much we love our homes and the dollar figures that realtors assign to them, those values are not ours until the day we sell. But let’s...
In 1929, Ludwig von Mises rejected a job offer for a high position at the Austrian bank Kreditanstalt. He believed that a great crash was coming and didn’t want his name...
It just isn’t possible to do away with boom and bust Mark Twain is alleged to have read a newspaper account of his own passing and declared, “The reports of my death have been...
Updated draft legislation has clarified many issues but there are still areas of uncertainty. As explained in our article in June 2021, the Government’s policy objective...
I am an orphan, which is not so unusual for a man of 79, and like everyone else I know, I work out of my own home. At the moment I’m sitting at the kitchen table with a bowl of...
Buying a football club can still be lucrative – with the right business tactics. Many Newcastle United fans cheered the announcement on 7 October that their club had finally...