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Mentality is all. Something didn’t happen as expected, and you can accept it and learn or keep complaining. Most people do the second. Either you win or you learn. That’s mentality. And even if bitter, I’m trying to be optimistic. Fake it until you make it. Why, let Daniel Kahneman explain it for me. “Optimists are normally cheerful and happy, and therefore popular. Optimists are resilient in adapting to failures and hardships. Their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer. A study of people who exaggerate their expected life span beyond actuarial predictions showed that they work longer hours, are more optimistic about their future income, are more likely to remarry after divorce (the classic “triumph of hope over experience”), and are more prone to bet on individual stocks. Of course, the blessings of optimism are offered only to individuals who are only mildly biased and who are able to “accentuate the positive” without losing track of reality." This is per se a great business lesson. Totally applicable to Real Estate investing. Your enthusiasm is contagious. You’ll bring more clients, more investors, more good subbies, etc. Now. Do you want to feel optimistic? Do you to change your mentality for the better? Then, you need to subscribe to the newsletter below. It just takes one click. ​Subscribe to the 1-minute question: mindset optimization, entrepreneurship, motivation, business, being more productive, self-improvement, better focus and social psychology​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit theantagonist.co PD 3: If you want unsubscribe, click the link below. |
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Financial close. Champagne. Photographs. Congratulations. A few speeches about partnership, collaboration and the exciting journey ahead. This phase… and the consequent hangover… normally lasts a couple of weeks. Then you wake up and realise that you have something the size of the Titanic to deliver. And you may have been procrastinating… and drinking and eating too much. You suddenly remember: The document management plan must be submitted within 10 Business Days of Financial Close....
You know I love real estate… Well… Imagine hiring a property manager. Then the tenant still calls you. You chase the unpaid rent. You arrange the plumber. You check whether the repair was completed. And, at the end of the month, the property manager sends you an invoice. It’s not a joke. This happens every day with assets worth billions of dollars. Investors hire people to manage their SPVs. But the investors still have to: Chase the board papers. Coordinate the operator, contractor, lenders...
Twenty years in the market. Dozens of transactions. Deep sector knowledge. Blah, blah, blah… Everyone says they are experienced… until you ask the question. “How much will it cost?” The answer: “It depends.” If you have seen this before you continue to dig in and you’ll see these answers: “We’ll charge based on time incurred.” “We can give you an estimate, but it won’t be binding.” I get it… I’ve been there. Partners. Directors. Senior managers. Managers. Analysts. Look. Everyone is...