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- March 22: Friday Five Newsletter
March 22: Friday Five Newsletter
A recap of the best content, tools, and insider insights of the week
Watch - Durable Principles for Real Asset Investing by Bruce Flatt. I found his section on “guiding principles” at 16:00 to be highly valuable. A few of my favorites:
Finance prudently - the greatest mistakes made in real asset investing, particularly real estate and infrastructure, have been made by those who mis-financed their assets
Acquire when capital is scarce - as it is the best indicator of the “right time”
Never become too positive or too negative - the news always projects information too drastically (in both directions). You have to be able to distill that and think for yourself
The compounding of returns is an incredible miracle of finance and human existence
Quote of The Week:
The strongest force in the world is something that affects your self esteem
Listen - Owner-Developer of the World Trade Center, Larry Silverstein conversation with Founder of Fundrise, Ben Miller. Larry doesn’t talk publicly too much, but is an absolute titan of the industry. Great listen
Whatever you do, think long-term
Read - Endurance - Shackleton’s Incredible Voyage by Alfred Lansing. If you think you may be going through a tough time, or just want some perspective in life, read this book
For scientific discovery give me Scott; for speed and efficiency of travel give me Amundsen; but when disaster strikes and all hope is gone, get down on your knees and pray for Shackleton.
Question
Recently, I have been reviewing the data I want to focus on in my weekly / monthly workflow of managing real estate (from an owners perspective).
What are the top 3 data points you focus on in your real estate?
Reply to this email I will share the top answers in next weeks newsletter
You can’t improve what you don’t measure
Hope you all have a tremendous weekend (I’m off to Pinehurst for a golf weekend 😀)!
Your friend,
Jake
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