Perhaps the greatest lesson from Warren Buffet’s most recent letter to Berkshire shareholders is that, to be wildly successful, you only have to be right sometimes: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some… Read More
Last week, Sierra Communities (developer) and my friend Gabriel Fain (architect of Mackay Laneway House fame) submitted the above development proposal for 2760 Dundas Street West in the Junction. It is a beautiful proposal. So not surprisingly, the response has been overwhelmingly positive. Here are… Read More
It was pure luck, but we couldn’t have timed this last week any better. It started snowing in the mountains around Salt Lake City on Tuesday, and it felt like it didn’t stop until Saturday. On Wednesday morning, which was peak powder, the main resorts… Read More
The original Segway launched in 2000 and was supposed to revolutionize micro-mobility and the “last-mile problem” associated with getting around cities. Instead, only about 140,000 units were sold in the following two decades and, in 2020, the company stopped production on the namesake vehicle. In… Read More
In other New York City news, they apparently have the most expensive new subway line in the world: At $2.5 billion per mile, construction costs for the 1.8-mile Phase 1 of the Second Avenue Subway were 8 to 12 times more expensive than similar subway projects in… Read More
This could be a good idea: New York City Mayor Eric Adams today appointed Ya-Ting Liu as the city’s first-ever chief public realm officer, delivering on a key promise from his State of the City address. In this newly created role, Liu will coordinate across city… Read More
We were having pizza at Davanza’s the other night and I started flipping through one of those real estate magazines that you find scattered around places like Park City. Now, more often than not, when I come across a house listed for tens of millions… Read More
Charlie Bilello shared this interesting housing chart in his weekly newsletter: Shelter is one of the largest components of the CPI index (about a third). And at 7.9% (see above), this is the highest rate of housing inflation since 1982. However, the shelter component —… Read More
Today we went skiing and snowboarding at Brighton, which is in Big Cottonwood Canyon. It was cool seeing the landscape transform and the temperature drop as we went from 4,300 feet (in Salt Lake City) to 8,755 feet (at the base of the mountain). Here… Read More
We have spoken before about how the average wait time for public housing in Hong Kong is now over 6 years. This is a problem for the quarter million people who are on this list, and so the city has decided to start building modular… Read More
BRANDON DONNELLY 