Let me tell you an interesting story about a professor who teaches a course in entrepreneurship. He starts his course by reading the notes from the founding partners meeting from the original meeting of the founders (now about 70 years…
Sometimes someone tells you something that is so ridiculously obvious but so dramatic to everything you have ever thought about, that it kind of shocks the heck out of you. So here is something that just sent me for a…
Read More Failure in Business is (Mathematically) A Lot More Likely Than You Think
As you may have heard by now, real estate is set to become a separate asset class on the Global Industry Classification Standard (GICS) and the S&P 500, separating it from the Financials Sector. Notably mortgage REIT’s will be left…
Read More A Tectonic Shift is Happening in the Real Estate World
I was reading this morning about a superstar Olympic hopeful. A woman named Simone Biles (check her out). She is the top gymnast in the world right now – and the United States has high hopes for her in Rio.…
I am sitting here in New York reading goodness knows how many articles on the Brexit. It is getting more coverage than any other news right now. I recognize it is juicy for the media because there are all sorts…
I have now practiced real estate law for almost 35 years, which is a long time to do anything. I am not absolutely “sure” about many things; however, I am confident that no one has a crystal ball about what…
I have seen this time and again. Someone uses their brainpower to come up with a cutting-edge idea for real estate investment. It is a niche (a “Power Niche” as I call it), or a way of looking at real…
This is going to get really philosophical (even for the Real Estate Philosopher) so please stay with me – it is mercifully short, but very important….. In earlier articles I have argued the value of trying to “own” a smaller…
Read More More Thoughts About Value Creation – Melding Narrow and Broad Thinking
I will get right to it – here are the three words: “Competition is Evil” Competition is a truly horrible and terrible thing and should be avoided at all costs! All competition does is destroy your profitability, as we all…
Read More Three Words That Might Change How You Look At The Real Estate World
Heresy - according to a dictionary I found on-line, is a word that means Any belief or theory that is strongly at variance with established beliefs, customs, etc. I think it has become heresy to advocate a lot of leverage…
Bruce Stachenfeld 