There Are Always Trade-Offs

Do you prefer steak or pizza?  Don’t answer too quickly. You probably don’t always prefer steak to pizza or vice versa. If you’re having friends over on Sunday afternoon to watch football, pizza might be the choice. You probably wouldn’t choose it for an important...

Cost and Value

Years ago, one of my friends had a side business buying oak furniture in New England and selling it on the West Coast. At the time, people in New England associated oak furniture with brothels and cheap hotels. They were glad to have my friend take it off their hands...

Deciding When to Sell

“How do I know when it’s time to sell?” That’s a common question when I speak at a group of landlords or investors. The short answer is: “You can’t.” There’s no magic formula. You’ll never have perfect knowledge. You can never “know.” You must decide. Sometimes, the...
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