Hello Welgard -
I don’t know you, and I quickly browsed through the REIT thread. But I think you’re off-base and I hope to gently give you my opinion as to why.
So, let’s start with the cuisine/cooking analogy in that you modified it some in order to defend your REIT posts on this board.
Saul compared your posts to literature rather than French cuisine and then you replied by saying, in effect. “nuh-uh I’m still writing about French cooking from a different region. No harm, no foul. Get off my case.”
Nice defense, but dead wrong. If we stay with the cooking analogy. it’s much more like you’ve introduced Chinese cooking to the French cooking board - Yup, still within the broad topic of cooking (analog to investing in equities), but my friend, Chinese cuisine is undeniably off topic (as an aside, I was raised in an Austrian household, while not French, still Western Europe with a lot in common and I’m very familiar with Chinese food as I’m married to a Chinese woman).
While both French cooking and Chinese cooking address food preparation and presentation for consumption, that’s about where the similarities end. The tools, techniques and materials are largely different both in the kitchen and the way it’s presented at the table, and even consumed.
Now, I could expand on this with all sorts of painful details, but I’ll spare you the list unless we press this further. But just for a couple of examples, an oven is a rarity in the Chinese kitchen, generally speaking, there are no native baked dishes in China. And knives are never present in a Chinese place setting, so most food is prepared in bite sized pieces in the kitchen because there’s no way of cutting it up at the table.
You have introduced Chinese cuisine the French cuisine board, not just a variant of French, but entirely different.
REITs are interesting and if you know what you’re doing, I imagine you can make pretty good money, but they aren’t growth stocks, even if a particular REIT is growing like a weed. The performance measures are different, and if you’re not familiar with them, totally arcane as compared to what you look for in growth stocks. Corporate actions are different due to the way a REIT deploys capital versus a product/service company (which growth stocks tend to be). The tax implications are different and due to forced distribution of earnings much more relevant to the investor that growth stocks.
So please, take your Chinese cooking discussion to a place where it will be better understood and appreciated. We’ve got our hands full and our interest focused on French cooking on this board.