“Capitalism is optimism, monetized”
Here is a great interview with commercial real estate (hotels and resorts specifically) magnate Barry Sternlicht:
A bit about him, courtesy of Forbes:
Barry S. Sternlicht has been the Chairman of the Board of Directors and the Chief Executive Officer of the Company since its inception in 2009. He also serves as the President of SPT Management and has been the President and Chief Executive Officer of Starwood Capital Group since its formation in 1991. Over the past 18 years, Mr. Sternlicht has structured more than 300 investment transactions with an asset value of more than $40 billion… Mr. Sternlicht’s extensive experience in both the commercial real estate markets and as a senior executive and director of other publicly traded corporations provides the Board with leadership and financial expertise as well as insight into the current status of the global financial markets.
He was behind one of the largest commercial real estate deals of 2009, the acquisition of the Corus Bank assets for approx $2.7 billion.
Needless to say, when Barry talks, I listen. The interview is from the Knowledge@Wharton Real Estate Forum in March 2010. Enjoy!