Today, Bull, and his three Mallorcan golfing chums, complete their trilogy of Reflective musings.

They have already covered the imperatives of marking valuations to market and adjusting asset allocations in line with changing demographics.
Today, they call for a closer alignment between investors and occupiers via operating agreements rather than traditional leases.
And most importantly, they reflect on the necessity for the market to adopt an all-embracing balanced scorecard to reflect both financial and non-financial performance.
Enjoy your Sunday.

PS. Thanks to Nick Cooper, Stephen Pyne and Mal Parker for their insights.
PPS. Particular thanks to Mal for being a good sport.