ceo armada: quant reit investing. narratives drive flows. weekends are for memes. ✌️
May 2 • 27 tweets • 5 min read
The office building apocalypse is here. And it's temporary. So get greedy!
1/n 🧵
You could buy a skyscraper for a million bucks.
Apr 15 • 35 tweets • 5 min read
The biggest story in asset management is happening right now, and NO ONE is talking about it.
There's over $12T in cap gains exposure in Mom and Pop retirement accounts hanging in the balance.
I’ll try my best to unpack it here.
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But first, in order to understand it, you have to understand how taxes work inside these funds. So bear with me while we nerd out for a bit.
Jun 13, 2023 • 43 tweets • 5 min read
I just launched a fund that has the worst back-test anyone has ever seen, and I couldn't be more excited. I'm going to tell you why.
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First, this banger:
What is happening now with private REITs is more important to markets than the FTX blow up. More impactful and just as interesting, although without the Tom Brady storyline. Let's unpack it.
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Private REITs, or non-traded REITs are plain old boring REITs that are unburdened by pesky transparency and price discovery.
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Nov 10, 2022 • 6 tweets • 1 min read
An archived version of the now-scrubbed Sequoia SBF article follows, and everyone should read it.
This is the shark-jumping of elitism. This is our generation’s “let them eat cake” moment
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Crux of the article is SBF had a moral imperative to take huge risks, bc of his altruism. On the basis of his good intentions.
That he, and only he, is worthy of concentrating wealth so that he can then dole it out in what he deems a virtuous way.
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