My buddy, Stan Druckenmiller
One of the legends offers some hot takes, community banks have something cooking (maybe), and silver linings for Office buildings (or nah). Plus, good reads on sushi, AI, and location data for RE
Things we think:
Do community banks have a secret sauce?
Stanley Druckenmiller says some Random Walkian things;
Another attempt at optimism for office buildings (with middling success).
Things we read:
Google has no moat, and neither does OpenAI (plus a rebuttal);
Using Location Data in Real Estate—a two-part everything guide;
How Solar Got Cheap (hint: it didn’t);
India’s tech promise breaks some promises;
The history of Sushi in LA;
An abandoned steel mill becomes an innovation hub for the hard sciences.
Please enjoy, share, follow, shout-it-from-the-rooftops, and of course, subscribe, or better yet, give the worst Mother’s Day Gift ever:
Things we think
Community banks, rawr . . ?
I’m not sure what’s going on here, but deposits have been remarkably sticky at community banks (via90 West Data - Cross Country Insights):
Deposits even started going up in February, which looks nothing like the broader trend:
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