A lot of success that occurs in life can be attributed to timing — being at the right place and at the right time.
An acquittance of mine told me a story the other about how his father was very successful in real estate until the 2008 GFC came alone.
Result? Lost everything.
An acquittance of mine told me a story the other about how his father was very successful in real estate until the 2008 GFC came alone.
Result? Lost everything.
Personally, I did some real estate investing after the bust during 2014 onwards — when the boom got underway.
Result? Lifechanging results.
People would like to attribute success to their wits, smarts & intelligence.
The truth is, for the most part, its just luck & timing.
Result? Lifechanging results.
People would like to attribute success to their wits, smarts & intelligence.
The truth is, for the most part, its just luck & timing.
Don't let your ego get in the way. Remain humble & understand that asset prices, the economy, and investing are very cyclical.
Eventually, it all comes back full circle. After all:
"There are two types of investors. Those who are humble. And those who will learn to be humble."
Eventually, it all comes back full circle. After all:
"There are two types of investors. Those who are humble. And those who will learn to be humble."
In the wise words Mr Rogers:
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
• • •
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