Bill McBride, whose posts I follow regularly, published this article regarding the next Fed Chair appointment. Dr. Yellen was my graduate school economics professor, so I am certainly biased.  She’s a brilliant woman and an excellent teacher.  Considering that a big part of the job is communicating esoteric economics concepts to the public, I think […]

In trying to figure out what investment assets to purchase, and when to purchase them, the data available for analysis today is overwhelming. Analysts can spend hours sifting through—and analyzing—data. But despite all of the information that is at our fingertips today, at UDP we like to rely on tried-and-true value investing principles and relatively […]

In economics and game theory, there is a concept known as The Bertrand Trap, named after Joseph Bertrand, in which two economic competitors reach a state of equilibrium by charging the marginal cost of producing a product. In simplistic terms, this means that businesses that compete on price will continually lower prices until they reach […]

When I meet with one of our capital partners/investors these days, I almost always get the question: “Are we in another housing bubble?” Given our successful acquisition history through the economic downturn, and the fact that we avoided acquiring properties during the bubble’s rise, some of our investors seem to think we have a crystal […]