CorpRaider

ICE ICE baby?

Merry Christmas erebody!

I am beginning to understand why the psychology/ institutional incentives have historically (ok N = like 5) led to premature cutting and declarations of victory. Not drawing a conclusion that will happen this time, just that I think I see why that would be the most likely path. Seems you kind of need that real crisis/boogie man to get the rope to do the thing properly. I suppose it all kinds of feed back into the anchoring of the crowd which is imop best explanation for time series momentum/trends.

New 52wk high on SLG. If I'm being honest, I thought it would be at $50 by the time J Pow went on record saying they were done.

$LUV.

Here's to a 2024 through 2029 REIT run that shapes up like 2009 through 2014.

Yeah I'll probably at least wait until he wraps up his book tour before taking a real look. haha.

I have some relatives who, to all outward appearances, have done very well in this space over time.

I believe the more commonly used term is "dollar-weighted returns."

Hey, Anyone know if can I drink Yerba Mate and get this benefit/an 8 pack?

I would start with the Buffett letters book edited by Prof. Lawrence Cunningham, Bogle's Little book of common sense investing, and You Can be a Stock Market Genius by Prof. Greenblatt. If you're not really interested in working in the area or just enjoy participating and helping capitalism function while learning about the world, don't forget that you can index and kick nearly everyone's ass.

I meant...sheeeeeeatt <pause> NYC apartments for...(cheap). Like as an expression of incredulity. Yeah Flatbush is free/paid option.

Charlie joins the eminent dead. R.I.P. He made a huge impact on me.

That is an interesting, seemingly reasonable, stress test exercise. I appreciate you sharing it. I'm sure it will be better addressed by others. Personally, I don't know NEN and put VRE in "no touch" at some point previously due to the portfolio and/or mgmt. I do own some AIV and FRPH. I suppose I believe the rent increases and capital appreciation in NYC will exceed those achieved in Miami and DC over the long term. I have mentally comped additions here versus EQR and AVB. I guess it did come down to yolo/leverage to the bet a bit. Concentrated bet on the U.S. city I like the best over the next whatever longish period. Also management seems more likely to really swing like a private operator. So, maybe in the 6% interest rate scenario I could see these guys getting as much as possible financed as long as possible at 6% interest only (probably including cashing out from developments in the pipeline once leased up) and then trying to raise rents.

Yeah, I mean shit new york apartments at sort of the same values as Cleveland class C SFH rentals.

...CLPR...

Pretty sure I heard Phil Bak talk about some research on this one or maybe a product he launched a recent podcast interview. Maybe with Meb Faber. I know he talked about being an early part of $RSP. I think the relative performance depends on the timeframe. If you go back to like 1993 I think RSP still wins over SPY. You can check midcaps versus large on portfolio visualizer. Midcaps still wint by over 100 bps from 1972 forward. This is probably the 90's or nifty fifty again, but we will see.

Interesting. Thanks.

What happened to them ETFs?

I have to say that I did not see 30% being in coal stocks after reading pages 1-10.

CLPR

Man is a natural trend follower. - Charles T. Munger

"Man is a natural trend follower."

Do you know if any of those other guys have supervision that owns a fair bit of stock/units? Like say more than Terry Toupee' over at AIRC. I almost bought more EQR "for grandmother" at $54 a few days ago (before you highlighted the swap into ATL).

CLPR. I comped it to a class B SFR in Cleveland.