How Buildings Fall Down: The Coming Debacle in Commercial Real Estate

Last May, Starwood Investors placed a limit on the monthly withdrawals from its private commercial real estate funds it manages. It did so to avoid having to sell assets at a loss to meet redemptions. Starwood manages about $10 billion in assets in what is estimated...

What Warren Buffett Really Said: Taxes are Going Up

The annual meeting of Berkshire Hathaway has been dubbed the “Woodstock of Capitalism”. People flock from all over the world to attend the event, held on the first Saturday in May in Buffet’s hometown of Omaha, Nebraska. It is covered live by CNBC, the one...

What Levittown Can Teach Us About Inflation and How to Address It

In 1949 there was, like today, a shortage of affordable housing. Soldiers were returning from abroad eager to start families, but there was little to no housing available. This was due to the imbalance of supply and demand which led to a strong undercurrent of...