DID YOU KNOW? Everyone always says rich people buy mega-homes to hide money, yet when you see that the 15-room presidential suite at THE MARK HOTEL in Manhattan goes for $75,000 per night - and has been recently occupied by the same group for 16 months - buying may actually be a bargain. This equates to over $27 million per year. A $100 million home would be paid for in less than 4 years! (CNBC)
DID YOU KNOW? Hurricane Michael did enormous damage including over $1.6 billion damage to timber plantations. With new tariffs on imported lumber combined with this loss, expect timber prices to continue rising.....and affect building costs too. (WSJ)
DID YOU KNOW? A behavioral scientist's cure for those who run consistently late is to alert them you WILL leave after 10 minutes. And then do so, without fail. Now if only it were that easy in brokerage! (WSJ)
“I Don’t Understand Why People Are so Hesitant to Admit that We’re in An Upturn in Inflation.”
- Richard Bernstein, CEO Richard Bernstein Advisors LLC.