Read it here. Stephen Ross is one of the most successful real estate developers of the last decade.
It's also starting an investment management business. If I were an institutional investor I would definitely take a look. But how do you evaluate the prospective risk-adjusted (with risk defined the way value investors define it, the probability and magnitude of permanent capital loss over time) returns in a world that doesn't really think in those terms, and doesn't talk to investors in those terms either?
Comments