Property and the Ritz Carlton.
This is the Ritz Carlton at Half Moon Bay. Many years ago, we (wife, mom, cousins) stayed at the next door Best Western . Then wandered around and came to this property. We did not know it was a Ritz Carlton. The view was spectacular, facing the Pacific Ocean.
A few years later, I went for an interview with Visa which was around the Half Moon Bay area. Then, drove all the way to Half Moon Bay just to visit the dramatic view again. Up to that time, never stayed at a Ritz Carlton.
A few years ago, we stayed at a Ritz in Montreal. Next week we'll all be at a Ritz in Washington DC.
I think we all aspire for the good life. I think throughout history, property has made that possible for a lot of people, more than stocks ever have.