Today’s FlashBack Friday Episode was originally published on May 10, 2016.
Jason explores the benefits of being a direct investor and the problems of group investing or pooling money and going into other people’s deals, businesses, partnerships, LLC’s, REIT’s, or TICS. Hear a chat with Jim Cramer of Mad Money and The Street.com.
[2:00] The hardest ship to sail is a partnership. Investing is a partnership. Thou shalt maintain control. Don’t invest in anyone else’s deal.
[8:00] How many of you have ever worked for a publicly-traded company? Those who do have often said that what goes on inside the company has almost no relation to what’s happening with that company’s stock.
[11:00] Companies have three groups to please: customers, shareholders, and employees. What companies are able to please all three simultaneously?
[18:00] “Pools are for Fools” – we should NOT be investing our money in anyone else’s deal. We buy our own property, and then keep our profits for ourselves.
[22:00] Bob Citron and how he invested with Merrill Lynch that led to Orange County filing bankruptcy.