@BowTiedBull Listened to a real estate doomer yesterday on YouTube and all he kept saying was it’s a K shaped economy. Doesn’t matter when you own luxury and everyone’s 401Ks are at all-time highs.
This game has transformed my life, my family’s life, my friends’ lives, and even the lives of my future grandchildren. For that, I am eternally grateful to God for the success He has given me.
At the same time, make no mistake, this game is one of the most cancerous and dangerous in the world. It can ruin and cripple you financially, socially, psychologically, and emotionally in ways you cannot imagine.
If you are playing this game at the highest level, not casually investing, you have to be willing and aching to answer its call at every second of the day. And honestly, monetary advancement alone is not enough to keep you in it. Something has to be socially wrong with you to be obsessed in a way that is difficult to even characterize. You have to be obsessed with solving this puzzle every single day.
If that is not you, it is probably a better choice to avoid it entirely. Very similar to mishandling an AK-47, small mistakes in this game can be life altering.
For my fellow lunatics, another day, and into the fray we go. Blessings and love your way 🫡
Every weekend half my feed expects a sudden breakthrough in US-Iran negotiations and the other half expects a sharp resumption of bombings.
Of course, the most likely outcome is that absolutely nothing changes and we do this again next week, down another ~100 million barrels in global stocks.
Early indications are that this leasing season in Chicago is going to be *extremely* punishing for renters…
😫Units that I’d peg at $2600-$2800 landing at $3500+
😫Bidding wars for rentals
😫Desperate people willing to rent units site unseen
😫Lease trade-outs consistently 10%+ higher
Another year of Hunger Games for renters and the Golden Age for landlords. (You can thank your local socialist for that).
I've been de-grossing my portfolio the past days. Locking in long-term profits and raising cash. I have a feeling that this liquidity will come in handy pretty soon...
Good read. Late 20s / early 30s is still young enough to take some big risks is what I would tell my younger self. The AI risk is a real variable now to think through though.
I’d tell my 28 year old self to think more about what I want to be doing in my 40s and how I can get there versus maximizing near term comp. Curious what others would say. My “reward” for leaving a traditional path is daily knife fights and 4am wake ups as a first time business owner https://t.co/zqW3iEkeK7
A reminder that about 1/4 of US debt matures in the next 12 months.
The last two times we saw similar refinancing pressure, policy rates were at 0%.
Today rates are 3.75% with the market pricing fewer than 2 cuts by year-end.
Hard to see this aligning with Trump and the new Fed Chair.
None of us own enough hard assets.
I always enjoy catching up w/ @fejau_inc
Earlier this week, we sat down to discuss markets heading into 2026.
One note: When discussing market valuations, I misspoke and said the S&P 500 could go to 8k by early-26 and still not be overvalued...Obviously, I meant 27.