We had this old saying back in my investment banking days:
“Don’t fight the tape.”
It was a phrase that we used in finance that basically cautioned you not to bet or trade against the trend in the markets.
It was a REALLY old saying because the term “tape” referred to the ticker tape machine that the old timers used to have on their desks to get stock prices delivered to them before AOL, E-Trade, and iPhones.
The crazy thing was, we rolled our eyes and used the term a ton back then because there always seemed to be some bonehead clown who swore that he had developed a “system” or “strategy” that would beat the market.
The streets were littered with the carcasses of these guys, because the market chewed them up and spit them out without skipping a beat or even noticing them.
In this episode I talk to Brian Borawski.
In this episode I talk to Todd Waller.
In this episode I talk to Steve Londeau. Steve is currently a full time wholesaler here in metro Detroit. He had a pretty rocky start to his real estate investing career, but he got focused and got busy, and ultimately co-founded and helped grow a profitable short sale and non-performing note business.
In this episode I talk to Aaron Yates. We talk about the challenges that lead to him getting started in real estate, we talk about his bankruptcy, we talk about the REI Meetup he founded, and he shares two resources that have made a huge difference in his investing business.