Serious investment thinking that doesn’t take itself too seriously.
I wrote a column on Vornado (VNO) as a buy at 18 in Sep'22 as it was slammed by the pandemic, its debt load and the Fed's draconian rate hikes. So VNO's price ascribed a $450 a square foot value to its prime Manhattan office/Fifth Ave retail portfolio even though its occupancy rate was 91% as the...
There's no perfect way to measure real estate returns. Here are the pros and cons of each metric. We at Thesis Driven write a lot about innovative real estate models and...
CRE hitting bottom? a good time to travel some office landlords are doing pretty great love that used home smell resi markets with a bit of softness Is commercial real estate...
Whilst working in “The City” has provided me with a great many things, there is one that I most cherish; it introduced me to colleagues, who quickly became friends; and remained...
The silent gold rush that could reshape the world economy. For the first time in history, gold went above £2,000/oz yesterday. This is a huge landmark in the decline of...
The news of the week is NOT the Fed cutting 50 bps - yes sure, that’s important but there is something much more relevant going on. The Chinese economy keeps imploding from...
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...
There's no shortage of money, and no surplus of people . . . if anything, there's a shortage of good productive things to invest in, and it's unclear what rates have to do with...
Trump's signature policy would frighten Americans without improving the immigration situation. “The crops are all in and the peaches are rotten/ The oranges piled in their...
Latest foray into 'AI: Bubble or Not?' and it's mostly assuring Cisco the warning parable, a recap Nvidia is actually pretty cheap, when you think about it Capex spending is just...