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.
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.
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.