Results for ‘Uncategorized’ category

Brexit is making Mr. Market nuts

Am not a huge stock market guy by any means. The vast majority (I mean, vast – like 98% or something) of my personal net worth is in LA real estate. Still, I am interested in the public equity markets because they’re fascinating. And today’s Brexit-related market gyrations put me in mind of Benjamin Graham’s famous

Adaptive to Craigslist: Take our money, please

You’ll rarely hear us asking a company to take our money. But we’re doing it today. As you probably know, we’ve been hit by a rash of scammers posting fake Adaptive ads, hoping to steal money from naive potential renters. This scam works because the cost of customer acquisition is basically nil. All the crooks need to

A management lesson I relearn every day

Here’s something I learned years ago about management of a growing organization but seem to keep learning over and over again: It’s mainly about the number of reasonably high quality decisions you can make each day. Why? Well, let’s take the sentence above apart. The “number“: If your organization is growing, it means that you are confronting new challenges

Bravo, Governor Brown

Wanted to take a moment today to tip my cap to Governor Brown, who is (as usual) advocating a really smart response to our state’s housing affordability crisis. Here’s a link to the proposed bill. In case you’re not an expert on deciphering legalese, here, in a nutshell, is what it says: If a developer

The difference between being opportunistic and systematic

For the past year or so, we have been putting out a lot of capital on behalf of one major investor. Sure, we’ve sprinkled in a few other deals with people able to write checks for $2-3MM. But we’ve mainly got into the habit of opportunistically finding deals, then bringing it to one capital source. And

Page 1 of 3312345...102030...Last »