How to Arrive at the Net Asset Value of a Real Estate Company Don’t Look at Gold as Just a Commodity

Predictable Streams of Cash Flow is the Way to Go

We’ve never been that fond of the hotel business because the tenants move out every night. That makes the business susceptible to economic swings in a way that office buildings with long-term leases to credit-worthy tenants aren’t. We prefer to see more predictable streams of cash flow than lodging companies typically have.