New Video:
Quote I love: “Doing the simple things uncommonly well.”
I filmed this video 45 days ago. The markets, banks, and investor expectations continue to follow this trend. What does the future hold, I have no idea. As we navigate the next few years, we will be looking for value based opportunities. What is value? I think Mr. Howard Marks gives us a great outline where NOT to look.
An asset class is widely known and has a broad following.
The asset class is socially acceptable, not controversial or taboo.
The merits of the class are clear and comprehensible, at on the surface.
Information about the class and its components is distributed widely and evenly.
These four filters will be helpful as we start to hunt. This maybe in real estate, debt, and potentially operating companies.
Announcement: I have been working on a new project for the last 3 months and I cant wait to share it!
Question I am thinking about: Is now a time to start thinking about buying commercial real estate debt or “paper”? If in fact the real estate market has become over heated does buying the debt give us an opportunity to make a return on the loan and potential ownership down the road? How does one go about buying debt? Banks? Private lenders? I am not sure, but I am continuing to widen my circle of competence in this area. If you know anyone who works in this field I would love to chat with them.
Lagniappe:
/photo/1
Value just may be making a come back- this makes me happy, happy, happy.
It was short and sweet today. If you enjoyed this today, please forward it to another curious friend. I love your replies to The Real Deal. I read every single one, and I try to respond as often as I can.
www.pearsonpartnerspe.com