The Bruce Philosophical Project

I will start with Warren Buffett.  To paraphrase one of his famous quotes: When your underlying business isn’t doing that well, it hardly makes sense to buy into a new business that you know nothing about Yet exactly that is happening right now through much of the real estate world’s rush to buy distressed debt. … Read more

We at D&S are, as always, in the thick of things in the real estate industry, and it seems like something many parties want is inexpensive “rescue capital.” In that regard, we have thought of the following ideas for consideration.  I note that these ideas are “other than” rescue capital provided by the government or… Read more

I am old enough to have been in a relatively senior position in the real estate world during the Global Financing Crisis (the “GFC”) and the pandemic today (the “COVID Pandemic”).  In my position – then as Managing Partner of Duval & Stachenfeld – and now as Chairman — I have friends, clients, contacts, and… Read more

Eleven years ago – at the depths of the Global Financial Crisis – when I was scared to get out of bed in the morning – somewhere near the end of 2008 – there were many who thought it was lights out for New York.  The thinking was that the banks and investment banks and… Read more

Okay here is some good old-fashioned inspiration.  I’ll bet we could all use it, considering the incessant drumbeat from everything and everyone about how awful things are and how they are getting worse, etc.   So here goes….. Who doesn’t like a good movie quote?  Let’s start with that, from the movie Catch Me If You… Read more

This is a very short article.  This is advice from someone who has been around the real estate world for getting on close to forty years now.  During that time I have seen booms and busts.  The tech bubble bursting.  The Russian debt crisis.  9/11.  Hurricanes.  The Global Financial Crisis.  And so much more.  The… Read more