Second, the investment may have been made anticipating a chance of failure; for example an investment may correctly analyze that it has a 50% chance of a 25% ROI, a 35% chance of a 50% ROI, and a 15% chance of a 50% loss.  

There’s a failure of leadership at the state and local government level as they mismanage water, forest, their own infrastructure, tax revenue, crisis response and who knows what else.

Its actually really common in my mind for real estate failures especially like these deals were you dont really have access to your money..

the success or failure of every single step of every single project is on you.

Feels like someone with political clout needs to realize the situation and start investigating delays and failures.

I have 2 black belts, one in failure and one in success!

If you throw in the towel after one failure, I'm not sure you've really learned anything.

There is also the lending field which is quite lucrative if your more into financecommercial real estate if some day you want to be doing bigger deals and making 6 figure commissions checks.. etc etc.to try to start your business as a flipper or wholesaler is tough and it has a 95% failure rate being that it appeals to the mass's of which many frankly don't have the skills to succeed or the financing behind them.OR converselyMake money at your chosen profession save and buy and hold.. buy the best you can hold for long term.. same with buying securities .

It's not about expecting failure but about being realistic and avoiding future legal issues.

Seems like capitalism at its finest, but I am not in that space.PPR has a process for operating and liquidating the funds in the event of a business failure of PPR.