If you wanted to come up with the one-liner about investing most likely to make my head explode, you might try, “The way to choose investments is to just jump on whatever’s done the best over the past three to five years.” Or, getting more creative: “Hey, did you know Cathie Wood is still getting inflows?” Yet more creative: “The war in Ukraine was caused by stock buybacks.” But you couldn’t do much better than “Interim valuations don’t really matter,” as| www.institutionalinvestor.com
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In their more than six decades, real estate investment trusts have reached far beyond traditional deals and come up with innovative angles on such unlikely businesses as roulette tables and marijuana.In the mid-2010s, Las Vegas casinos like MGM Resorts International sold their real estate to REITs while retaining operation of the casinos themselves. That allowed them to focus on gambling as the REITs enjoyed stable rental income.| www.institutionalinvestor.com