How a fund manager gets paid

Do you ever wonder how, exactly, Adaptive makes money? Figured I’d break it down for you. Today, let’s talk about our investment funds. These are discretionary investment vehicles. That means a group of people with capital to deploy commit a certain amount of money (say, $100-250k) to the entity. Then, we, as managers of the … Continue reading “How a fund manager gets paid”

The two economies

If you’re reading this, you probably don’t know about LA’s Other Economy. How do I know? Because you can read English, and the Other Economy is not, for the most part, English-speaking. What is the Other Economy? It: Comprises mainly immigrants and their American-born children Is conducted in Spanish, Chinese, Tagalog, Khmer, and other languages Is … Continue reading “The two economies”

Amnesty for illegals (apartments, that is)

Per the LA Times (and via Curbed): Landlord and tenant groups in LA are uniting around an initiative to allow landlords to legalize non-conforming apartments more easily. Right now, if the Housing Department catches a landlord with an illegal apartment, here’s what happens: LAHD cites landlord for un-permitted unit, orders her to either get it permitted … Continue reading “Amnesty for illegals (apartments, that is)”

Off with the security bars

How can you tell that Silver Lake and Echo Park weren’t always so nice? The window bars. Back in the 1980s and 1990s, both neighborhoods had plenty of shootings, burglaries, etc. People naturally responded by “up-armoring” their homes with strong doors, fences and window bars. Now, both neighborhoods are very safe. It’s not that there’s no … Continue reading “Off with the security bars”

An email filter I’d like

Can someone please figure out how I can block solicitations from brokers who want to sell me “turn-key” assets? “Turn-key” is broker-speak for “No value left to add”. Don’t misunderstand: There is a large group of investors for whom turn-key deals make a ton of sense, including everyone who has bought deals from me over the … Continue reading “An email filter I’d like”