Pace Fake Steve Jobs, there should be some sort of Fake Niall Ferguson site. The economic-historian-media-guy-Krugman-critic now and then drops these deliriously pompous bits of prose that simply cry out for parody.
Here he is on his real estate investing exposure:
But I probably had rather more real estate than I wanted, though my strategy has been consistently to buy historic real estate on both sides of the Atlantic. Nothing I own was built after around 1800. There is a premium on things that can’t be replicated.