An old man eats dinner alone at a restaurant and when it’s time to go, tells the owner that he’s accidentally forgotten his wallet back at the hotel. He promises he’ll be back with it and, as a sign of his intentions, leaves his violin as collateral. I’m a traveling...
Prudence. The word as an old-fashioned ring to it, doesn’t it? Reminds us of prim-faced schoolmarms of another era. But the old-school virtue of prudence, while not the most glamorous, is a linchpin of successful real estate investing. Avoiding needless risks while...