The subtitle is The Extraordinary Saga of How One Building Broke the World's Toughest Tycoons and the author is Vicky Ward (2014).
Another happy marriage of New York City and real estate history, this time focused on Harry Macklowe's short tenure as owner of the GM Building. As a bonus, it's a story in which the President-Elect also has a fairly major supporting role (largely to his detriment). Lastly, it introduced me to a great quote from one of my investing heroes, Sam Zell:
"As good as [most] real estate guys are as transactionalists, that's how poor they are as conceptualists. That's why they keep getting caught in oversupplies. Because what they do requires such a micro focus, their ability to then go macro is limited."
Highly recommended.
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Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
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I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr... -
Apropos the book that I just finished, I re-visited an interview from September with Kyle Bass, where he examines many of the same themes ...