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My kids use AI. Down to the four year old. They use it to find stuff out. Things like deeper knowledge of leprechauns, and whatever else their minds think of. They speak the questions into it, and they've got to be pretty specific to get the answer they want, which is good discipline for the mind. Then an answer comes back, which disciplines them to read and comprehend. Then more questions, more answers. That whole loop is very good for a kid. I want this to be second nature by the time they're grown. Like using power tools. Bc if they go out into the world to compete with shovels and picks while somebody else shows up with a backhoe, there's no competition. The shovel folks just can't economically produce as much.

One of my biggest failures ended up saving the company 15 years later. I came out like a bull right at the top in '05 to '07, built aggressively, and the crash wiped out everything I'd made. But it taught me a ton. By 2022 I recognized the same behaviors again and sold $1.5B+ at nearly perfect timing, top 1% globally. That call came straight out of getting my head handed to me the first time.

Leaner teams are better than big ones. You'd think more people helping means more speed. But past a point it just breaks the relationships that make communication flow. The right number for the job is almost always fewer than you think

Stop living & dying by your NOI. That’s not the number that keeps you alive, cash flow is. You only learn this difference once you've had to actually run the cash and pay the bills.

Everything I had made by 2008 was gone by 2009. All of it. I came out like a bull out of the gate, 2005, 2006, 2007, building companies and getting aggressive in business right at the very top of an all time high. Didn't know it was the top. Then it crashed and that was that. Major, major failure. Grateful for it tho. When things are hardcore on the line you learn differently, it gets seared into your mind and you build muscle memory. So, years later when I started seeing the same behaviors again, arrogance creeping in, over-leverage, people talking like it was easy, it put me on alert immediately. We stopped buying and started positioning to sell, and we monetized probably in the top 1% globally. Thank God for those earlier beatings. They paid for themselves.

Real estate is going to take off in the next 12 to 24 months. Once supply hits a wall and rent spikes past prior highs, watch what happens to NOI going fwd…