INSIGHTS
Wind in the Willows
Problems with Insurance
We’ve touched on insurance a few times in Wind in the Willows, but the world of insurance has changed a lot in the last year.
BofA Fund Manager Survey – Is It Time To Go Knife Catching?
Every month, Bank of America releases a survey called the BofA Global Fund Manager Survey, and it’s must-see entertainment for market watchers.
Tax Collectors… How Much Do You Really Like Working From Home?
What happens if the office buildings which typically carry the highest tax burden, aren’t occupied?
Moody’s Downgrades Regional Banks
Moody’s is one of the big three ratings agencies, and considering recent news of Fitch downgrading the US Government to AA+, it seems they were due to make some headlines
Lessons Learned from the Death of a Trucker
Not every acquisition goes well. Many times, acquisitions take place for what seems like all the right reasons, and the execution never lives up to the hype.
No More Cheap Stuff – Light A Candle And Curse The Glare
It may not be intuitive to the lay person why a private investment company with a history of real estate investments would care about international trade.
Zoom – The Beginning of the End? Or the Beginning of the End?
The most user-friendly at the beginning of the pandemic was from Zoom Communications, and almost overnight, Zoom became a verb.
Fitch Downgrades USA
Fitch joined S&P with a rating one notch below their best rating at AA+
Echoes of a Banking Crisis
Earlier this year, SVB and Signature Bank failed over a weekend and the FDIC took custody of the majority of the loans from each.
Strip Malls - Hottest Thing in Real Estate
In a time when we hear negativity about commercial real estate, it’s great to hear about a success story. It’s the strip mall around the corner from your house.
ISM – July Manufacturing PMI
The Institute for Supply Management (ISM) put out their Manufacturing Purchasing Managers Index (PMI) numbers.
Fed Not Ready to Declare Victory
At this point, it’s logical to ask the question, “what does the Fed need to see to determine that they no longer need to raise rates?”
Migration, Underwriting, and Imperfect Science
Migration, Underwriting, and Imperfect Science. The past several years have, without a doubt, seen some of the strangest behavior in human history.
Direct Lending Slowing?
There are a lot of misleading headlines out there. Last week, the one that stuck out to us suggested that private credit and direct lending were slowing.
PE Using More E
PE Using More E. With banks on the sidelines, and debt getting more expensive, private equity companies are often using more equity to get deals done.
VC Trends Show Market Maturity and a Likely Reversion to the Mean
Last week, PitchBook put out an article about 5 major trends they are seeing in Venture Capital (VC) markets.
Apartment Demand – The Cycle Continues
The drivers of supply and demand are important inputs that dictate where our next investments will take place.
AT&T, Bud Light, and Why ESG Matters to Every Investor
Investors in AT&T got an ugly surprise when the WSJ reported that many of the lines are still in the ground contaminating soil and drinking water.
Pay is Beating Inflation - Everybody’s Playing in the Heart of Gold Band
That’s right, earnings season has started, big banks have crushed lowered expectations, and everything is awesome....inflation is a thing of the past.
Unions And Inflation: The More That You Give, The More It Will Take
Unions And Inflation. The Biden Administration thinks a lot about workers.