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Date Posted: 18:52:19 2/03/23 Fri
Author: Jasper
Subject: Charles Smith has some items to ponder

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A fifth global context is that one tool to discern productive asymmetries is to ponder what the wealthy value. The wealthy have the means to buy the most experienced advice and the incentive to protect capital, so what they pursue is worthy of consideration. This doesn't mean they will always be right, it simply means that just as keeping an eye on the herd is useful, so too is keeping an eye on the "some are more equal than others" group.

Real estate and housing is one example. The global housing bubble is finally popping, and house valuations have a long way to drop to reach historic trendlines.

That said, enclaves with all the attributes valued by the wealthy--safety, good schools and healthcare, local sources of energy and food, attractive natural settings and distance from decaying urban cores--will drop less, or could even retain their value due to the relative scarcity of places that meet these high standards.

https://www.oftwominds.com/blog.html#jump

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