I remember in the 80's that Japan was in an aggressive growth push. They were buying commercial property in the United States and one building in particular was the ARCO tower in downtown Los Angeles. I vented my opposition to a guy I know who was the head building engineer of that property, he laughed and said "don't worry, that building is a dog. It's going to cost more to repair it than to tear it down and rebuild it". That's when I realized, nobody sells a winner. Everyone is always looking to dump their bad investments. If someone is pushing an investment on you, it's probably about to lose.
WHEN THE CONGLOMERATE Mitsubishi Estate struck a deal to take control of Manhattan’s Rockefeller Center in late 1989, it capped a decade of go-go acquisition of U.S. trophy assets–Firestone Tire & Rubber, Columbia Pictures and plum real estate–by Japanese corporations. This deal, struck just weeks before Japan’s stock market cratered, would prove hubristic, landing the iconic building complex in bankruptcy.
Yes, especially greedy boomers. I'm a (late) boomer myself and I hear the conversations about how the only thing they're leaving their kids is debt. They act like it's funny to do that to the next generation. I freaking hate most boomers.
When companies see a good future, they typically start buying back their stock. Sometimes they are diversifying their risk when they sell, but that should indicate what they are really forecasting
Heck yeah. IPOs in the 90'a we're all the rage, but ever since, if a company makes a public offering, it tells me they owners have milked everything they can out of it and are ready to unload it on the unsuspecting public.
When OpenAI and SpaceX decide to go public, which they supposedly are nearing, it means it's close to an end.
I remember in the 80's that Japan was in an aggressive growth push. They were buying commercial property in the United States and one building in particular was the ARCO tower in downtown Los Angeles. I vented my opposition to a guy I know who was the head building engineer of that property, he laughed and said "don't worry, that building is a dog. It's going to cost more to repair it than to tear it down and rebuild it". That's when I realized, nobody sells a winner. Everyone is always looking to dump their bad investments. If someone is pushing an investment on you, it's probably about to lose.
WHEN THE CONGLOMERATE Mitsubishi Estate struck a deal to take control of Manhattan’s Rockefeller Center in late 1989, it capped a decade of go-go acquisition of U.S. trophy assets–Firestone Tire & Rubber, Columbia Pictures and plum real estate–by Japanese corporations. This deal, struck just weeks before Japan’s stock market cratered, would prove hubristic, landing the iconic building complex in bankruptcy.
the Rockafellaz play rockafella games.
Exactly
Hadn't heard that one. Dayum 😳
Not a plagiarist, wanna be clear, that is Cut and pasted straight from the wikipedia article on it. Except that last line of course, lol.
Not always. Sometimes you have legit business owners that need to grow. But pretty much, that's impossible to tell these days
They typically use private equity firms for growth.
Yes, that and angel investors. But it's legit, that's my point.
I agree with you too, mostly when someone is selling an investment, like real estate, it's because it's NOT good.
If it was good, they wouldn't sell. Just like natural capitalism predicts.
Best places to find opportunity is to look for people with assets who are aging and dying, transitioning to cashing out. It's a crowded area
Yes, especially greedy boomers. I'm a (late) boomer myself and I hear the conversations about how the only thing they're leaving their kids is debt. They act like it's funny to do that to the next generation. I freaking hate most boomers.
now they do, not in the 90s
When companies see a good future, they typically start buying back their stock. Sometimes they are diversifying their risk when they sell, but that should indicate what they are really forecasting
Heck yeah. IPOs in the 90'a we're all the rage, but ever since, if a company makes a public offering, it tells me they owners have milked everything they can out of it and are ready to unload it on the unsuspecting public.
When OpenAI and SpaceX decide to go public, which they supposedly are nearing, it means it's close to an end.