501: Real Estate Postmortem – Lessons from the Crash and the Opportunity Ahead
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Charlie Munger, the late sage of value investing and Warren Buffett’s right-hand man, once said there are only three ways a smart man can go broke: “liquor, ladies, and leverage.” Now, of the three, leverage is the sneakiest. It shows up dressed like opportunity, whispers promises of scale and speed, and before you know it—you’re […]
Cash Flow, ROI, and Cash on Cash
This post is part of a series of basic educational posts. Most of this blog is about higher level business and investment activity. However, in order to understand those posts, you need to make sure you understand the language. Most of you will probably already know what I’m talking about but we need to make […]