FIELD NOTES

Investment notes.
Without the noise.

A small library of investment briefs, market notes, and execution insights. Dated, signed, and published with intention — not on a schedule.

— THE QUARTERLY

A short, signed quarterly. Sent only to those who request it. No newsletter. No tracking pixels. One envelope, four times a year.

VOL. 08 · OWNERSHIP

2026 · 06 · 02

Counsel Note · 11 min

Four ways to hold property in Thailand. Only one we recommend.

DBD Order No. 1/2569 changed the underlying physics of foreign property holding. A structured reading of the four available structures — and the 21,459 active investigations behind the urgency.

Read the note

VOL. 07 · INVESTMENT BRIEF

2026 · 05 · 28

The Editors · 9 min

Why 10% gross yield is the wrong number.

A salesman quotes gross. An underwriter books net. The seven leakage layers between marketed 8–12% Samui villa yields and the institutional 4.5–6% reality.

Read the note

VOL. 06 · INVESTMENT BRIEF

2026 · 05 · 18

M. Laurent · 6 min

Why serious investors should not start with listings.

The first decision in real estate investment is not which property to buy — it is whether to define a strategy at all.

Published in print — request a copy

VOL. 05 · MARKET NOTE

2026 · 04 · 22

The Editors · 8 min

Understanding villa investment risk in Koh Samui.

Yield is a function of operational discipline, occupancy assumptions, and exit liquidity — not a marketing line.

Published in print — request a copy

VOL. 04 · EXECUTION

2026 · 04 · 03

M. Laurent · 5 min

Why exclusive mandates protect both sellers and buyers.

Open listings dilute price, qualification, and negotiation. Controlled mandates compound trust.

Published in print — request a copy

VOL. 03 · OWNERSHIP

2026 · 03 · 19

Counsel Note · 10 min

What foreign investors must understand before buying in Thailand.

Land, lease, company structures, and condominium quotas — a structured overview before legal review.

Published in print — request a copy

VOL. 02 · DEAL BREAKDOWN

2026 · 02 · 28

The Editors · 12 min

Anatomy of a Lipa Noi hillside acquisition.

Sourcing, structuring, negotiation, and post-acquisition activation — a non-confidential overview.

Published in print — request a copy

VOL. 01 · DISTRIBUTION

2026 · 02 · 11

M. Laurent · 4 min

The difference between visibility and controlled distribution.

Visibility is a metric. Controlled distribution is a strategy. They produce different outcomes.

Published in print — request a copy