michael61751Jul 10, 20232 minStop Pulling Levers and Hiding Your RiskMany investors make the mistake of doing financial analysis as if they were already owning and operating the property; crunching the...
michael61751May 22, 20233 minThe Slow Erosion of Value“Every day is a new day. It is better to be lucky. But I would rather be exact. Then when luck comes you are ready.” -The Old Man and the...
michael61751May 5, 20233 minThe Hidden Numbers of Operating LeverageGrowth rates in operating leverage can hide a bad deal, like magic! I was recently on a trip to Oklahoma City and stayed with my aunt and...