A conservative accountant who loves bonds, and insurance??? Shocking!!!

I do find my finance side tempered by my business partner/CFO who was a former international tax partner at Andersen in New York, London, and Tokyo. He was so disgusted with the business after the Enron debacle (which he was no where near) that he retired until he unretired to partake in this evolving down real estate market.

I agree that there is more downside than upside today. However, one cannot rebuild a portfolio on the day everything seems rosy again.

I am of the philosophy that we get as work towards the bottom (at least as we can see) cautiously begin wading in (this is where we are now), pick up steam as the knife falls farther and likely wind down once the upside is realized by all.

A few before the bottom
A few at the bottom
A few after the bottom

We’ll see how the ‘speculation’ works out….

As Thomas Barrack of Colony Capital (multi $B RE Advisor) said of investing in this real estate market last fall “..up till now, everybody’s been wrong…”