Hedge Fund Baron Paul Singer

Hedge fund baron Paul Singer: “London, Manhattan, Aspen, and East Hampton real estate, and art, prices [show] leading edge of hyperinflation.”

There are a bunch of reasons to believe that his theory is wrong, but one that I think is under-appreciated is this:

Those are specific markets seeing a dramatic influx of ultra-high-net-worth buyers from overseas–China, Russia, and certain other nations. You can see this vividly in this week’s art auctions in New York, and it’s been obvious in London real estate for some time.

Another: “30% of all apartments 49th-70th Streets between Fifth and Park are vacant at least 10 months a year.”

So price rises in these specific assets can likely be explained by simple supply and demand without requiring inflation, hyper or otherwise. Therefore, price rises in these assets do not necessarily indicate much of anything about the domestic macroeconomic situation.

In fact, an obvious “bullish on America” argument here: Capital fleeing other countries and landing specifically in US (& UK!) real estate. Further, these asset prices may be explainable quite independently of the various QE and inequality debates happening within the US.

On a global economic scale, the total value of this specific real estate in addition to art is not that large. Prices are easily altered by capital flows.

Source Tweets: 1,2,3,4,5,6,7,8,9,10

Cybersecurity Firm Tanium Receives $90M Investment

Today we’re thrilled to be able to talk about our newest investment,Tanium. We’re investing $90M. The first venture capital investment since it was co-founded in 2007. Collectively, partners at have maybe 200 years of experience in systems management; Tanium is a breakthrough like we’ve never seen. Tanium –> people responsible for large networks of computers and software, what Google –> people on the Internet. I don’t say that lightly.

The company is operating under the radar, but its customers could not be more enthusiastic. The product must be seen to be believed. It’s amazing. Tanium is a real-time query *and* control–100s of Ks of computers and virtual machines with natural language queries.

We are thrilled to be working with genius founders David and Orion Hindawi and their colleagues. Masters of the art and science of computing. More info: or email info@tanium.com

[tweet https://twitter.com/utekkare/status/480849907251548163 align=”center”] [tweet https://twitter.com/PeterVOrtho/status/480850167298809856 align=”center”] [tweet https://twitter.com/utekkare/status/480849907251548163 align=”center”]

Source Tweets: 1,2,3,4,5,6,7