Celebrating Capitalism

During a recent trip to New York City, I was reminded of the virtues of capitalism.

The above video was shot in New York’s Grand Central Station. This is always an exciting place to be. So many people going different places in this city. Some would argue this is the financial capital of the world. So many people here, so much excitement, so much economic activity.

Warren Buffett on Greed vs Fear

Be greedy when others are fearful. Be fearful when others are greedy.
 
-Warren Buffett

Always Improving Our Properties

It’s always good when we make improvements to our properties.

The ROIClear team is a buyer of multifamily investment properties. After we buy a property, we make improvements so we can give people a great place to live. Residents benefit directly from our work.

The Road Less Stupid

Smart people do dumb things. Here’s the proof: How much money would you have right now if I gave you the ability to unwind any three financial decisions you have ever made? Write that number down… seriously.
 
– Keith Cunningham, Author
The Road Less Stupid

Kudos to the author of The Road Less Stupid for the irreverent way that he launches chapter one. The title of the book will push some people away. After all, how many of us want to see our mistakes amplified in black and white?

Fortunately, the author takes an unorthodox path. Rather than saying “Hey dummy, look what you did”, he says “hey… we’re all dummies. Now here’s what we can do to become less dumb.”

The most effective advisors can admit their own flaws. Extra points for blending in a twist of humor.

Risk vs Optimism

Markets can remain irrational longer than you can remain solvent.
 
~John Maynard Keynes

What is risk, and why is the evaluation of risk important when investing? What is optimism, and why is optimism deadly when we are investing?