SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (18293)3/8/2004 5:24:13 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
I like Fleckenstein's quote from Warren Buffett.

"When we can't find anything exciting in which to invest, our 'default' position is U.S. Treasuries, both bills and repos. No matter how low the yield on these instruments goes, we never 'reach' for a little more income by dropping our credit standards, or by extending maturities.

Charlie Munger and I detest taking even small risks unless we feel we are being adequately compensated for doing so. About as far as we will go down that path is to occasionally eat cottage cheese a day after the expiration date on the carton."



To: ild who wrote (18293)3/8/2004 7:32:40 PM
From: MSIRespond to of 306849
 
Exactly what I'm doing on a commercial project

Many older properties are being purchased way above replacement cost for new properties.

Build and flip, not holding. Too strange.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News