Since 2017, fund rise has delivered annualized gains of around 12%. We're up about 5.5% this year when both stocks and bonds are in double-digit negative returns. The real estate person is obsessed with the deal. It creates a lot of management challenges because I'm like, what about management? What about checking in with the team and how they're feeling? They're like, no, I just want to talk to them about deals. And so they think that all the alpha is created at the deal level, but it's not created at a deal level.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode