I have given considerable thought to the content of this post. Something pithy, relevant, and interesting. Alas, nothing has come to mind. I therefore offer the following random musings, facts, and notable quotes.
When anyone says that well-settled economic principles no longer apply (“this time it’s different”), run for cover.
Real estate folks are genetically wired for optimism. When have you ever seen declines in revenue forecast in discounted cash flows, other than by that due to lease expirations?
How long can rates at, or below rates of inflation be sustained?
If Texas is as portrayed by the East and West Coast media, how come so many people want to come here?
The entirety of Manhattan could fit within the land making up Dallas/Fort Worth Airport.
What ever happened to Thomas “Hollywood” Henderson?
If you like underdog stories, I highly recommend “Twelve Mighty Orphans” by Jim Dent. It’s a true recount of victory in the face of apparently insurmountable obstacles.
Why does Dallas seem to be always on the edge of weather patterns?
Did key figures in Dallas’ history (e.g., R.L. Thornton, Fred Florence, Erik Jonsson) foresee the city’s evolution as an international urban center?
In olden days, prisoners condemned to death were hanged in the bell tower atop the Old Red Courthouse downtown.
The runways and taxiways at the former Dallas Naval Air Station (Hensley Field) are currently leased for open storage of new cars. A portion of the field is a Chinook helicopter training facility for pilots from Singapore.
The UT Southwestern campus seems to be an ever-expanding organism.
Did you know that a horned frog’s means of defense includes shooting blood from its eyes at enemies?
Why is it called the World Series when professional baseball teams from other countries don’t participate?
If the purpose of bicycle riding is to simply to get exercise, why not use old style bikes with no shifting gears and fat tires instead of multi-geared, thin tire models?
If you like country music, I hope you’ve discovered Junior Brown. If not, listen to “My Wife Thinks You’re Dead” and “Broke Down South of Dallas.”
When the tactics are “an eye for an eye” and “a tooth for a tooth,” you end up with two blind and toothless people.”
A few famous sayings:
“There are 2 kinds of reasons given: the right reason and the real reason.”
“Markets can remain irrational longer than you can stay solvent.”
“If you’re invited to a poker game and can’t spot the sucker after 20 minutes, you’re it.”
“Hard times will make a monkey eat red peppers.”
Stephen T. Crosson is a principal at Capright.
