Hotel REITs: The Most Contrarian Idea I Have [View article]
I believed in Thornburg Mortgage. Very sound investments. Top quality management. The value of their collateral rapidly declined. I saw it, but I didn't believe it. Then JPM and Bear put the squeeze on. Now I believe: Stay away from those whose life blood is borrowed money.
Hotel REITs: The Most Contrarian Idea I Have [View article]