BC BUSINESS
Saved by @CodyyyGardner

Since I have received many questions and crazy accusations, on this last day of 2020 let me give you a random collection of thoughts to close out this year. 1/n

 1. I miss Asia. It's awesome. Most countries have a sense that things are getting better and that opportunities exist. From people starting businesses to sending their kids to better schools, there is a vibrancy and optimism that is infectious 2/n
2. Americans are a whiny narcistic self absorbed lot that rather then get down to a task and make things happen are content to complain ad nauseum. The world don't owe you $#!+. Get down to it and get on with it 3/n
3. I was wrong about some key things about corona but also right about some key things. Compared to public health experts I'm probably about even. 4/n
4. I don't really identify with either party. I am pro-immigration and anti-death penalty. I am a foreign policy hawk. I am pro-market but believe anti-trust regulation needs more focus. Socially liberal but think wokeness is idiotic. My issue views do not align with either 5/n
5. Journalists lie. Straight up lie. Not fudge, not slant, straight up bald faced lie. "Never trust a journalist, not even me." --Well known journalist at major outlet to me. Words to live by. Journalists lie. 6/n
6. Foreign policy "experts" in DC are experts because they are credentialed not because they really know the subject area. I don't understand how you can be a country expert and really never have lived there 7/n
7. I am pro-ally and pro-international institution but also believe most "allies" the US thinks they have are not really allies and that most international institutions range from irretrievably failed to compromised. Total rethink is needed on these issues 8/n
8. Lying is at the heart of democracy not antithetical to it. You don't get votes by telling people hard truths. You get votes by telling people what they want to hear. This is why all...ALL.....politicians lie. Always and forever. 9/n
9. I'm sure most China engagers and open letter writers are nice people. They are however completely and entirely without a doubt fundamentally wrong. 10/n
10. Like plutonium I am amazed at the half life of bad ideas. China engagement has failed. Failed. It has not turned out as predicted. Period. EU is signing a treaty based upon this premise and university professors continue to believe in it. 11/n
11. Humans in our data and information driven age wildly over estimate our ability to understand our surroundings and control outcomes. 12/n
12. I would much rather get the issue right than please a specific political party or superior. I do not think about who I will align with when I form an opinion or study an issue. That's called biasing work if you do that. 13/n
2021 here we come!

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Sources : This author has been continuously maintaining that the Brahminical hegemonic forces are surrounding Tamil Nadu from all sides and they are seeking revenge for Periyar’s social justice.

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There is a lot of bad advice floating around online when it comes to real estate investing.

Time for a stiff drink and some stuff you might not want to hear.

A thread 👇

Most real estate influencers spend 99% of their time trying to sound smart.

They purposely make things too complicated.

When you do this for a while you can tell if a property is worth buying with a napkin and 30 seconds.

The problem with being a big real estate PE firm:

You need to do good deals year after year and deploy 10s or 100s of millions in capital.

It’s a hamster wheel making others wealthy.

The advantage of being you:

One building like this can change your life.


Buying real estate that doesn’t cashflow well because values have risen 10% / yr for 10 yrs while wages have risen 3% / yr for 10 yrs is very risky.

I don’t care how long your interest rate is “fixed” for.

Markets are cyclical. Trends change. Bankruptcy is real.

If you don’t know anyone with money and you have less than $250k of your own cash real estate isn’t the best way to make money.

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Raising minimum wage helps things not directly related.

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Lowers Suicide? Yup.

Reduce smoking rates? You bet.

It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!

Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.
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If you create it for others, it’s business."

@naval
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