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Updated almost 16 years ago on . Most recent reply

Jon Klaus's profile image
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Jon Klaus
  • Developer
  • from Garland, TX
  • Member since Dec 18, 2008
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Jon Klaus's profile image
Jon Klaus's profile image
Jon Klaus
  • Developer
  • from Garland, TX
  • Member since Dec 18, 2008
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Jon Klaus
  • Developer
  • Garland, TX
4,015
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8,666
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Investor Mindset

Egregious Profits Bring Egregious Competition

Jon Klaus
  • Developer
  • Garland, TX
Posted

This is what my banker once said. Now he wasn’t accusing me of egregious profits, just that he often saw intense competition come into highly profitable businesses and opportunities.

Has this been your experience? Any examples from this housing recession?

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