Ode to Joye
Turning on the broken record that is Sky Business on the weekend, I found the forth repeat of Your Money, Your Call, hosted by that pommy guy whose head rivals Karl Pilkington’s in terms of spherical shape. With two minutes to go, his panel, suitably attired in loud shirt and tie, were asked for their final piece of advice. The one in the more garish shirt/tie combo offered the following, and I’m paraphrasing, “don’t listen to the scaremongering, if you want to buy, get into the market ASAP.” What is it about those involved in real estate, that they can’t restrain themselves? I only bring this up because late on Friday we found out the Grand Poobah of Rismark, Chris Joye, was offering a $100 million dollar bet to GMO’s Jeremy Grantham, on the direction of Australian house prices. The bet is the latest installment in a long-running war of words between Joye in Sydney and Grantham--though Grantham is yet to directly go after his rival down under. "If you actually have any convictio...