Reletter
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BakStack

Phil Bak

Capital markets, ETFs, CRE, and the future of asset management.

Platform
Substack
PricingFreemiumPublishesTwice weekly
Issues191Founded5 years agoLast Issue15 days ago
Active

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philbak.substack.com
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Latest Issues

PODCAST: The CRE Deal Junkie

You can follow Andrew’s writings on CRE deals, data, risks and investment trends on X/twitter at https://x.com/credealjunkie and on substack here:

CRE Deal Junkie

Deep dives into real estate trends to keep you ahead of the competition

B...

15 days ago
2

Value Frames

What is a Banksy worth? An original Banksy. What is it really worth?

If you believe in things like free markets and price discovery, as I do, then you are probably thinking that it’s worth precisely the highest amount that a willing buyer...

21 days ago
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Gotta Serve Somebody

“It may be the Devil and it may be the Lord

But you’re gonna have to serve somebody”

-Bob Dylan

There is this lie about startups, and truth be told I’ve probably told this lie myself. The lie is that startups are freedom. That...

a month ago
15

The future of asset management

Joseph Schumpeter was Austria’s finance minister after World War I. He was an economist, and a thinker. He was a rival of Keynes intellectually. Schumpeter was focused not on managing stale economies, but on how they evolve.

He was obsesse...

a month ago
34

Not good enough

It’s just so easy to make excuses. It’s so easy.

It’s easy to get angry at some VC that didn’t get it. At a client that didn’t have the guts to work with an unproven startup. At the market. At an asset class. At the weather.

At that one g...

a month ago
14

Key Facts

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  • Phil Bak

    Writing about the future of asset management.

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