Alex Morris - TSOH Returns
The Business Brew
00:00
Can I Afford to Lose on a Beachfront Real Estate Investment?
"I would rather own the beachfront real estate in Delray than some slum at a 12 cap that should trade at a 10 cap," he says. "My personal opinion is if you're buying some of these levered legacy companies that are trying to make a pivot and your rationale is this is cheap, I think that is a way to get absolutely fucked." He adds: "There is one actual asset, maybe two, that has a clear path to the future with pricing power that you know no one else can replicate"
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