Q2 REIT Report – Warehouses win and the Fed’s Fantasy land • REITs returned 1.3% in Q2 bringing YTD returns to +17.8% • Property types with economic tailwinds outperformed in Q2, while regional malls and lodging lagged. • With economic data continuing to deteriorate, we believe defensive positioning is prudent.... read more
Month: July 2019
REIT Strategy I: Stacking the Deck - Systematic Value and Momentum
So here is a question. If you could remove any single card in a deck before playing blackjack against a dealer, which card would you choose? It’s not a trick question, there is an answer that maximizes your chances of winning. Take a minute to mull it over... read more
REITs: The Basics
Welcome To The Concrete Jungle Real Estate is boring. That’s what I really thought. After spending a summer leafing through government leasing documents that were pretty clear, checking page after page for signatures, entering rent figures into excel, and trying to understand tenant improvements, it did not get my blood pumping. A 19-year-old needs more…
Understanding Quantitative Investing
Source: Zacks | Repost SerenityAlts 7/17/19 Statistical analysis of the world’s economies and stock markets moved from academic abstraction to Wall Street reality during the second half of the 20th century, as computers became more powerful and less costly. Most investment management firms use this kind of quantitative analysis to inform their decision-making process, but…
"Quantitative Value" - The Worst Kept Secret in Investing
Source: BrokenLegInvesting | Re-Post SerenityAlts 7/17/19 As soon as we investors can accept that humanity’s ability to predict the future is limited at best, we can begin down the road to becoming a successful investor. In fact, as far as Klarman is concerned, the successful quantitative deep value investing supporter will live by one simple…