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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (63193)	6/9/2006 8:11:58 AM
From: Riskmgmt	Read Replies (1) \| Respond to of 110194

Ray ever notice the eternal doom and gloomers never seeing any opportunities are always smart and well educated? Our education system may account for that observation. If ones early adulthood is spent sitting listening and debating one can develop an over analyzing, sedentary, debating, superior attitude. When later an opportunity appears it is often inspected analyzed, criticized etc. Whereas, the less educated immigrant just jumps in with both feet. I have told the story of an immigrant that I know of, who probably doesn't have a green card but owns a ton of property and drives around with 3 cell phones in his new Mercedes. He probably knows squat about the world affairs, thinks 'burn ackee" is a video game but can tell you what price every piece of Real Estate will fetch in his area of operation. I asked him once he he was worried about a real Estate crash. He laughed and told me he has built a big house back in his native island, and with his brother has a thriving business on another Island. Most of his Real Estate is held in other immigrants name and he takes his profit on the first refi and some of that goes back home. He is not educated but in my book he is smart.