Will It Issue a Correction?? [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] If 10% of the economy shuts down for one quarter, that would be considered a 40% decline at an annual rate.” –“Coronavirus Slump Is...Read More
Berkshire Hathaway 2020 (Virtual) Annual Meeting [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Perhaps the biggest news from Berkshire Hathaway’s (online) annual meeting yesterday was Warren Buffett’s bearish...Read More
The Last Step Before Closing, Pre and Post-Coronavirus [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Once upon a time — like, this February — the last significant...Read More
Cause of Death: Inept Leadership [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] During his long and storied career, Donald Trump has (so far) plastered his name on casinos,...Read More
“Better Late Than Never” Dept. “Congress, Come Home: Faxes Can Do the Talking on Capitol Hill”** –Ross Kaplan, Star Tribune Op-Ed page (1993). OK, so I got the part about faxes wrong: today’s technology, including Zoom, FaceTime, and streaming video, positively blows away fax machines. And, I didn’t anticipate the health and safety reason (i.e.,...Read More
“Sellers Who Don’t Have to Sell,” or Picking Up Their Marbles & Going Staying Home Would-be forecasters trying to divine the future of home prices, post-pandemic, would be wise to remember the aftermath of The 2008 Financial Crash (sorry, I never bought “The Great Recession” label). Namely, housing prices weakened much more slowly than stocks, employment, and...Read More
