Let’s be realistic, you can throw away all the formulas and models right now. We are in the midst of an unprecedented institutional crash in the lending and housing industries.
I’ll have to concur.
I value CS’s contributions, but his overall tone and demeanor really reminds me all the the tech ‘entrepreneurs’ I knew back in my dot-bomb heydays. When people are willing to spray free money at you from a fire hose, it doesn’t really matter what your formulas, models or business plan is. You are gonna look like a genius in the short term.
Once that spigot is turned off, however, its a different story.
