Season 81, Episode 969: Guest: Gray Wilson: Understand the Market

"We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side." - Charlie Munger

Value investor in real estate and beyond, co-founder of Revolution Capital Group, and a principle with Keating Partners Gray Wilson is going our program today and if you are someone who wants to get into the nuts and bolts of real estate, investing, and other financial pursuits then you have come to the right place.  Jay and Gray are digging into understanding that every market is going to have its ups and downs and it is up to you to be in the right position when the down times come, the unique ability the real estate market has to transform the smallest holder into a tried and true giant in the industry, and why it is important never to stretch whatever leverage you possess past into a place where you're abusing it.  Gray is truly a brilliant mind and we feel very fortunate to have him on The Culture Matters Podcast and we think you'll know why after listening to this episode.

Chapters

• 0:00 Intro
• 9:59 Make sure you're in the best location when the bad times come
• 19:38 Forming an opinion and then seeing over time whether you were right or wrong
• 30:05 Starting with the smallest piece of the pie and building and building and building
• 40:49 Don't abuse your leverage