The 401K admins, Wall Street, and the government when they receive their fat deferred tax payout. 

So, instead of telling the truth I lie and tell every investor that they have terrific ideas and they write me some fat checks.What do I wish I learned after losing $1 million two times.

For every 15-20 minutes of fat there’s about 2 minutes of meat.

He's a proponent of fat tails betting, betting on convexity, and barbell application (heavy on safety, small punt on crazy risk).

I get it, your hyper-focused on squeezing out every cent for yourself, ever hear pigs get fat and hog's get slaughtered?

A nice fat $5m home in Mission Hills I'm happy to say. 2) I'm not 30 but aww sucks that was a nice complement. 

I just remember the brief point of the discussion saying to raise as much credit as you can in a short period of time or something?

I use cash when speed and or the condition of the property requires it- and I get a fat discount. 

You can't measure risk with an outright tool like you can in equities, you can with just the note you're paying and dependence on 3rd parties to fund the real estate for you.

Try to add the futuristic lenses into your analysis whenever you can. In