Real Estate Icon Sam Zell: Right One Last Time

"This is the Weimar Republic..."

I’m old enough to have followed Sam Zell during the second half of his storied real estate career. And in that time he’s been right in a big way on the major financial turning points. At the bubble peaks of 1999 and 2007, for instance, he sold most of his commercial real estate and loaded up on cash. Then he swooped back in at the subsequent bottoms a…