Boston Lucky

This past holiday weekend, I had the opportunity to spend a few relaxing days in Boston. The city is widely known for its deep-rooted history, impeccably preserved architecture, prominent churches and cathedrals, numerous colleges and universities, professional sports teams, and of course, the famous lobster rolls. Unbeknownst to me and my companions, the city has…

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America the Bountiful

The United States is a land that just keeps giving. In the early days of our nation, it was the fertility of the soil that helped feed a growing population and attract newcomers to gain the freedom to prosper. Our country’s natural harbors in Boston and New York facilitated trade. The Mississippi River provided an…

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Diamonds Aren’t Forever

I remember vividly the UK’s years of high inflation in the 1970s, which included strikes by the coal miners union, power cuts, and rationing. We bought in bulk because prices were going up by double digits annually. The period was marked by a deep recession from 1973 to 1975, during which the price of a…

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Time for the Old Guy to Retire

No – I am not referring to either of the pugilists in this year’s presidential prize fight. There are plenty of others who will cover that topic. My comment is focused on Warren Buffett. As regular readers of this blog will know, we hold Buffett in the highest regard. In fact, our investment philosophy is…

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The Evolving Landscape of US Home Sales

Last Tuesday, a federal judge preliminarily approved a $418 million settlement that could significantly alter the landscape of home buying and selling in the United States. The agreement resolves two similar lawsuits in Missouri and Illinois brought against four major real estate brokerages and the National Association of Realtors (NAR), a trade organization representing more…

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Changing the Game in Women’s Basketball

Whether avid sports enthusiasts or casual observers, there are few across the United States who fail to recognize the name Caitlin Clark after this past March. The college basketball star competed in last month’s NCAA Women’s March Madness tournament, contributing to record-breaking viewership and propelling the Iowa Hawkeyes to the Finals. Caitlin became a national…

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Opportunities for Tax Free Gains in Small Companies?

Have you heard of Qualified Small Business Stock (QSBS)? The name suggests it might not only warrant the attention of small business owners, but QSBS is also very relevant to private equity investing in smaller companies. Knowledgeable private equity managers are keenly aware of the potential benefits of investing in businesses that have a QSBS…

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All Hands on Deck

The cargo ship, Dali, recently struck the Francis Scott Key Bridge in Baltimore, resulting in the tragic loss of six lives. The Port of Baltimore was forced to shut down temporarily – a significant event given Baltimore is the ninth busiest US cargo port. The Port leads the US for the volume of automobiles and…

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A Renaissance in the American Shopping Mall?

Commercial real estate is a diverse asset class. Its various sectors experience different trajectories. While certain sectors, such as multifamily housing, have thrived before and during the pandemic, the retail sector, particularly shopping malls, has faced major headwinds. The surge in e-commerce looked poised to make malls a thing of the past. Over recent decades,…

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Challenges for Multi-Family Housing

Once the darling of the commercial real estate market, Class A multi-family properties are currently in a bit of a slump. A combination of changes in market cycle factors has prompted the sector to stumble for the first time in many years. There is now a lot of challenging work to be done in a…

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