At that point I hope you have a good fat security deposit because that’s what I would use to reimburse myself for the unpaid utilities.

You learn more when you start applying everything and running into situations than you ever can in the books. 

Take a client to lunch in their BMW, then go to a couple closings to collect fat commission checks.

It's like the concept of "fat FIRE" which I'm trying to follow as well.

During the 2008 crisis, he was a big buyer but we also know he used convertible preferred equity (with a fat coupon) as a way in to many high quality companies.

I think China has one advantage: they can control the population much more than we can in our "free" country and were able to shut down solcial life very effectivly and quickly.

A degree from the school of hard knocks is an understatement, I dealt with just about every real estate problem you can in Chicago which is not an easy place to do business to begin with.

You can in theory continue to expand as long as you want to with it, whereas with TK you stop when you run out of available cash (until you save up enough for the next down payment).

Thankfully some other deal will hopefully make up for that but I can't tell you how many deals have collapsed at the 11th hour through no fault of my own over the years and for me to get a fat $0 in earnings.

The insurance industry is highly profitable, and by using the self-insurance technique you can essentially get a cut of those profits for yourself, both reducing the effective cost of insurance you pay and also giving you the peace of mind that having a nice fat self-insurance fund sitting there provides.