HAPPY NEW YEAR 2017
I hope you all had a Merry HoHo and a Happy Hehe. May this New Year be even better than the last!
Sorelle and I traveled to Calgary to visit with the grandparents and family for Christmas. The trip was cold but wonderful. It is sure nice to be with family at the holidays. I must say that we could have still done without the snow though! It seems to be following us ...
Back to school and the daily routine again this week.
No matter how close or far, we always think of all our friends and family around the world. You are always still thought of ... especially during the holidays.
Hugs and New Years Kisses
12 Warren Buffett Quotes for Better Investing
Mr. Buffett himself will not be sitting at your dinner table offering you advice on your real estate investing career anytime soon, so here is a compiled list of what I deem to be some of the best pieces of advice from him.
Take them or leave them as you wish. Maybe they apply to your situation and may be they don't, but they are certainly worth a quick consideration.
Here you go:
1. Be fearful when others are greedy, and be greedy when others are fearful.
2. A public opinion poll is no substitution for thought. (Don't just listen to everyone and their moms ranting off about stuff and take it for gold)
3. Think in terms of income, not appreciation. (Always be cautious when speculating)
4. You ought to be able to explain why you're taking the job you are taking, why you're making the investment you are making, or whatever it may be. And if it can't stand applying pencil to paper, you'd better think it through some more. And if you can't write an intelligent answer to those questions, don't do it.
5. Use partnerships to fill your gap in expertise. (Be willing to admit your weaknesses and be willing to bring in team members to fill those)
6. Minimize your mistakes and learn from those you make. (Literally the key to real estate investing)
7. I really like my life. I have arranged my life so that I can do what I want. (The difference between investing and a job)
8. When you plan to buy, plan to hold. (Buffett is huge on the idea of holding. Remember the importance of long term plays)
9. The macro view is more important than the micro view. (Look at the big picture)
10. Risk comes from not knowing what you are doing. (Be educated)
11. Embrace the boring. (Sometimes the boring long-term plays are the most successful)
12. I'd buy up a couple thousand single-family homes if it were practical to do so. Houses are better than stocks. (Maybe a little biased on my part since I invest in real estate, but he has a point!)
Muck About in the New Year!
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