The Big 3: Money, Real Estate, and Buffett

1. Send Me Your Money!

2. All Real Estate Is Local? LOL

3. Trade Like Buffett Not Lynch

1. “In a moment of clarity, a vision last night, I was told that if you don’t send me all your money you’re going to lose EVERYTHING. Really, I know exactly what to do with a billion dollars a thousand times over and if you don’t do give it to me right now, you’re all going to die!” That’s not a direct quote from Hank Paulson, but it’s close. Extortion anyone?

2. Remember when everybody used to tell you that all real estate is local? How about we local people like Hank Paulson himself to bail out Wall Street then? Can we at least take $250 million of the $500 million of Goldman Sachs (GS) stock that this guy sold tax-free last year? That’d be a better way to start paying for it than to take from my mom and dad in New Mexico!

3. I think you’re going to have to be more like Warren Buffett than Peter Lynch in your approach to investing for the foreseeable future – that is, wait until they are truly giving stocks away with the odds stacked in your favor before committing capital to this market. Patience is a virtue.