To-days NEW YORK TIMES featured an op-ed addressing a subject we have spoken about many times: the stupidity of quarterly thinking. It is rampant on Wall Street and has driven corporations to focus purely on quarterly results at the expense of long term strategy. This same quarterly mentality has manifested itself in the real estate markets, reporting on a sector that is significantly less liquid than equities, but now too is driven by the quarterly thinking. How does quarterly thinking impact the New York luxury real estate market? We think its ridiculous and quite stupid…..what do you think?