“Analysis is like a lobotomy” – David Byrne
In the run up to the housing crisis in 2008, real estate was an incredibly profitable investment. A sector many of us were envious of, several partners left their cushy corporate jobs in order to manage their real estate assets full time. John, a senior partner at the time, ended up selling his business, a conglomerate of apartment complexes, and returning to the firm shortly before the financial downturn. At the time, we were all confused. Rumors abounded of, perhaps John’s wife had been sleeping with Ben from accounting again. Had John lost his mind? Perhaps John was dying. Having sat down with John to discuss his return, and as the office would later learn, John explained how he returned in order to be closer to his girlfriend who, unbeknownst to his wife, had recently given birth to a baby boy. John was the father. Continue reading “Technical Analysis, The Parable of John”
