@alsynergy2020 @ShaiDardashti @silverbull0 @benbakhshi A highly successful developer from my area; once when asked if he would sell any of his real estate, his response was: "Sell our real estate? We don't sell real estate. We buy real estate."
legacy.com/us/obituaries/…
legacy.com/us/obituaries/…
@alsynergy2020 @ShaiDardashti @silverbull0 @benbakhshi He provides a template for real-assets investing: from shoe manufacturing to cleaning clothes, into wealth denomination in land and horses! There was an era—namely the 1940s to 1970s—when that sort of thing is what defined wealth. It is forgotten...
@alsynergy2020 @ShaiDardashti @silverbull0 @benbakhshi Or the classic:
“They used to ask him: ‘Mr. Isaac, how do you measure in times of high inflation how you are doing this year?’ and he said: ‘If I have one more apartment, one more hectare of farm, one more cow.’ He measured real assets.”
— Eduardo Elsztain (on his grandfather)
“They used to ask him: ‘Mr. Isaac, how do you measure in times of high inflation how you are doing this year?’ and he said: ‘If I have one more apartment, one more hectare of farm, one more cow.’ He measured real assets.”
— Eduardo Elsztain (on his grandfather)
@alsynergy2020 @ShaiDardashti @silverbull0 @benbakhshi Another top developer who was from my area, and had a #neversell philosophy with real estate:
jamccormack.com/tribute/detail…
jamccormack.com/tribute/detail…
@alsynergy2020 @ShaiDardashti @silverbull0 @benbakhshi Probably the biggest lesson from him is a focus on leasing. Three most important words in real estate: "lease, lease, lease"?
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