Et tu Debtus?: Leverage is your best friend but can turn on you if you abuse it
Paul Habibi is a real estate lecturer at the UCLA Anderson School of Management, has my vote for the most passionate and dedicated professor at the institution and someone that I’d like to consider a friend.
At the close of the previous quarter he published a letter to students sharing lessons from business and from life. Paul insights are should be taken into consideration not only by future graduates but much more seasoned professionals.
My personal favorite is #4: ” Try not to put all your eggs in one basket, but if you do, make sure you do so knowing the risks, and walk slowly. Remember that it’s harder to keep money than to make money, so once you get a nice nest egg, make sure you are vigilant towards preserving capital and reputation. If you’re a high-flyer and just want to grow at all costs, admit that to yourself and then learn to have a tough stomach so you can weather the ups and downs.”
http://www.habibiassociates.com/2010/03/life-lessons-closing-escrow-on-another-quarter/
You can also follow his blog on real estate at http://www.habibiassociates.com/blog/
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