And with that, the second annual Delivering Alpha conference is put to bed. As the panelists, attendees, moderators and organizers head to the bar, you can scroll down through the almost 6,000 words of this blog to find the finest nuggets of market and investing wisdom you'll see collected in one place ... until this time next year.
5:37pm: Gray likes European deals, though it’s not easy, while Sternlicht (with callous disregard for local European sports) says it’s still the first inning there, so you might have to buy and hold.
And all bets are off if it all goes to hell.
5:34pm: Imogen is very excited! “Ackman wants to spin off a Fannie May foreclosure REIT. That might be the platonic ideal of the Ackman trade!!!!! (Buy an asset spin on the real estate.) I can go home happy now!”
5:28pm: What about all those management headaches? Not to mention the bad PR, what with the foreclosures and all.
5:27pm: Sternlicht is doing the same, he says. Thinks the market might even be overbought already.
5:26pm: Blackstone is buying up houses. Two thousand for $300 million. "Execution is key."
5:25pm: Bill Ackman on the strategy of buying single family homes: “I think its a great business. It’s an asset class where institutions are underrepresented” (bc it is hard to get into and barriers are high). Fannie mae should be in this business, he says. ....