Really enjoyed sitting down with the team at xraised to talk about private real estate wealth, the importance of true investor alignment, and what we're building at Sentinel Grove Partners.
Appreciate the great conversation!
📺 Watch the full interview here: https://t.co/y1uUZF1LTF
The University of Florida is recognized again on the #ForbesNewIvies list of public institutions — highlighting UF’s leadership in preparing students for an AI-driven workforce. ➡️ https://t.co/TFAXxDj53x
Key pitfalls to avoid in business, investing, and real estate:
• Legal - Never toe the line. Consult attorneys often. Jail and lawsuits are real and they happen way more than you think - either can destroy you, your marriage, your biz, your reputation.
• Tax - Get a monster CPA. Pay your taxes. Period. Don't get cute on this.
• Insurance - Do not buy off the shelf insurance. Find a boutique firm and get a robust umbrella policy. One bad break could crush you, protect yourself.
• Partnership - Bad partners not only kill good deals, but they end in drama and lawsuits. If you’ve got a weird feeling, walk.
• High-Maintenance/Strings Attached Investors - Trust me. Find other capital or pass on the deal if it’s your only option.
• Comparison - Kills happiness. Follow your own lead, compare only to yourself. You’re running your own race. There is nowhere you're "supposed to be".
• Deal Obsession - Do not want a deal (or any investment) to work so badly that you adjust your criteria or numbers to make it work.
• Doom Obsession - If you are paralyzed by what could go wrong, you’re lost…it’s impossible to move if your belief in the future has died.
• Spending As If It Never Rains - Cash up. Keep more dry powder than feels reasonable. Don’t buy stuff with the income you haven’t yet earned in the assumption that the party never ends…rain is inevitable, keep several umbrellas.
• Being Cheap - Will destroy you. Never cheap out on insurance, attorneys, accountants, staff, consultants, or education. Being cheap will eventually cost you 100x than doing it right the first time.
• Don't Romanticize Gurus - Never meet your heroes. You'll very frequently be disappointed.
What did I miss?
Ken Griffin on the single factor he looks for when hiring at Citadel:
"show me an athlete who did well academically."
"an athlete because they know what it takes to win and they've had to experience loss."
talent is everywhere. what's rare is someone who knows how to lose, recover, and still perform at a high level.
same thing separates profitable traders from everyone else.
Hats off to the entire SEC for coming together to rep the league well in this year’s #MarchMadness.
We all take a lot of shots at each other but at the end of the day we all know we’re part of the best conference in college basketball. #ItJustMeansMore
Thrilled to be quoted in @TriangleBIZJrnl on our newest project with @sentinelgrove1! Together with The Morgan Company, we acquired the former Office Depot at Cary’s Crossroads Plaza and investing to welcome a brand-new Savers thrift store — a perfect adaptive reuse for the community.
Full story here: https://t.co/zdSHFIlOsY
Excited for what’s ahead in Cary! 🎉 #CaryNC #RealEstate #ThriftStore
Welcome to the team, Mike 😈
Mike Salvino will join the Duke Baseball staff as General Manager.
🧵Head to the thread below to learn more!
🔗 https://t.co/mkrqZ3c9Nx