8 Comments
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Douglas Hager's avatar

Simply an outstanding piece of writing. Why has no one commented? I must plow through the post a few more times, as there is much to consider here. Well done.

Michael | Stock Spotlight's avatar

Enjoyed the read!

Linkages's avatar

Great write-up!

The Long Game ♟️'s avatar

The US model of privatised water rights does not travel well in Asia. Singapore treats water as national security, not a tradable asset. Instead of relying on markets, it secures supply through NEWater, desalination, and strict pricing. For investors in Southeast Asia, the opportunity is not water rights. It is the infrastructure behind water resilience: membranes, recycling systems, and AI-driven distribution.

Investing with Hugo Engels's avatar

Wow, great piece, your post has me reconsidering Gladstone Land Corporation (LAND).

peter snowdon's avatar

Very well argued! I wonder if similar structural set-ups exist in other countries/regions (Europe, Australia...).

My main concern is the last one you mention around aridification - and specifically, that climate change impacts will be unevenly and unpredictably distributed. Land is even more difficult to move than water.

Evan Lamanes's avatar

Just wanted to say this is an excellent Substack, have really enjoyed reading several of your posts!