Sublime

During this time I learned the most important rule of raising money privately: Look for a market of one. You only need one investor to say yes, so it’s best to ignore the other thirty who say “

The intrinsic value of an asset is determined by the cash flows you expect that asset to generate over its life and how uncertain you feel about these cash flows.

There are many clever investors who only look at listed shares. For those with a lot of perseverance and who want to trust my judgement there might be another option – to watch what PSG is doing and buy the same unlisted ones we buy. As I’ve said in part 3, a share register is public knowledge. With a little effort one can get hold of it. PSG is wi

If you’re considering the purchase of an income property, you need to know as much as you can about its income and expenses.

To be considered a real estate operating expense, an item must be necessary to maintain a piece of a property and to ensure its ability to continue to produce income.

Hence, you need to buy real estate only if you need it long-term, or to buy foreclosures in this global real estate bust with the intention of renting them out for positive cash flow.

You have to get at their values, abilities, and skills: Do they have a track record of excellence in what you’re expecting them to do? Have they done the thing you want them to do successfully at least three times? If not, you’re making a lower-probability bet, so you want to have really good reasons for doing so. That doesn’t mean you should never