Even though classes would all be remote, All of us were for sending him off to school and were thrilled when he won a lottery for the reduced capacity dorm.  

In a waterfall, the GP is incentivized to stay the course, gambling the LPs equity, because the GP only makes money above 7%. 

Quote from @V.G Jason: Quote from @Jay Hinrichs: The mindset of cash flow is everything and appreciation is just luck or gambling or whatever these folks say is one of the worst mindsets I see on BP.

We’re thrilled you've joined us.

Simple appreciation is a gamble because you have no control over it, so don't consider it.

I do not see many pacific palisades owners being thrilled at high desert.  

Because they are gambling.11. 

I'm quite surprised, because they are the fourth property manager I have used in Birmingham and the first I have been thrilled with.

That move felt risky at first, but the guy ended up calling me three months later, thrilled that those subtle changes in leverage gave him a disctreet edge.

People have failed twice now with the housing bubble and the recent meteoric increase in rates because they were gambling with the rates to save a percentage point.