Charlie Harary and RXR CEO Scott Rechler continue their discussion on leading through uncertainty, arguing that peace of mind comes from getting comfortable with discomfort and avoiding paralyzing anxiety. Scott describes how investors are shifting toward a “halo strategy” (hard assets, low obsolescence), emphasizing durable demand, current cash flow, and a protective moat, with examples including U.S. rental housing and the continued value of New York office buildings for collaboration, capital formation, and AI application development. They address how to stay honest about obsolescence risk by defining objective criteria (as in “Project Kodak”), weighting metrics, and using AI to speed analysis across portfolios, tenants, and regions. Scott explains separating signal from noise by tracking substantive facts over loud headlines, journaling and writing to clarify concerns, and continually recalibrating plans as conditions evolve, supported by task forces and weekly white-paper reviews grounded in hungry, humble leadership.
