Quote:
Originally Posted by FetishWeb
Well, I wouldn't consider the elderly old man down the street that bought early lakefront property to be a real estate expert or entrepreneur - he got lucky, plain and simple. Money unfortunately makes people like that lazy and willfully ignorant and he is the last person I would take real estate advice from in 2010.
Luckily he doesn't write pompous essays about entrepreneurship, industry expertise and how he saw it all coming in his crystal ball like certain old domainers do.
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It's a case by case situation. I was talking about big time success. Having said that though...how do you really know how sharp and on the ball that elderly guy was back when he bought that property?
Nobody said anything about people having to be up to the minute business monsters right now. My soliloquy was about the business sense of a person to have the foresight and smarts to do things at the right moment.
Sure, if you pull something great and sell it off and make millions and retire...then you would have to get a lot of the rust off to jump back in the game. But guys like Trump and Buffet who stay in the game and work all the time now are still smart as hell and can kick ass. Elderly old guy who is retired? Maybe not so much.
