DID YOU KNOW?Warren Buffett's annual letter always reveals some interesting insights. Here are some highlights:
Don’t pay attention to quarterly fluctuations. Again Buffet bemoans the quarterly obsessions on Wall Street. We should too!
I will never risk getting caught short of cash: With $112 billion held in cash, another reminder how being conservative and always to hold onto some cash for bad times and opportunities.
Speaking of how many assets globally are currently at super-high valuations: Prices are sky-high for businesses possessing decent long-term prospects. This shows the mentality of many investors who believe things are currently over-priced and over-valued.
We have no idea as to how stocks will behave next week or next year. Predictions of that sort have never been a part of our activities. Think long-term. Work long-term.
Always work with accurate numbers. Accurate inventory is the truth and will serve you best. Cheating will always lead to failure.
Disciplined risk evaluation works.
Dangers of Debt: Rational people don’t risk what they have and need for what they don’t have and don’t need.
When a mega-catastrophe strikes, we will get our share of the losses and they will be big – very big. However, we will be looking to add business the next day. When bad things happen, opportunities emerge too.
"The American Tailwind". It is beyond arrogance for American businesses or individuals to boast that they have ‘done it alone.’ The tidy rows of simple white crosses at Normandy should shame those who make such claims. There are also many other countries around the world that have bright futures. About that, we should rejoice: Americans will be both more prosperous and safer if all nations thrive. But we believe in and will always invest in America. – W. Buffett
DID YOU KNOW? A new billionaire was minted last week in South Carolina. Was their claim to fame a new tech company? Inheritance? A stock windfall? NO! A lottery ticket! Ah, but who said life was fair.....? (PS: South Carolina State alone will collect close to $100 million in taxes from this, and then there is over $300 million in Federal taxes....you see, not all billionaires are created equal in the USA: Some pay LOTS more taxes than others who may only pay 20% on capital gains....or less.)
DID YOU KNOW? About 63% of the world’s wealthiest said they grew richer in 2018, thanks in part to stock market gains and global economic growth. These individuals also expect their wealth to increase over the next year. Confidence was highest in the U.S., where 80% of individuals worth $30 million and more expect to be better off over the next year. Over 47,000 people in the USA are worth $30 million plus. (WSJ)
Around Town
Gray Whale Migration off Laguna Beach
The Gray Whale makes the most spectacular and longest mass migration of any marine mammal. Tens of thousands of gray whales migrate annually along the Newport/Laguna Beach coastline
Hollywood producer McG and restaurateur Jordan Otterbein, River Jetty Restaurant Group partners known for acclaimed the A Restaurant and A Market in Newport Beach, have announced plans to open a brand new dining concept, set to unveil this month.
I am passionate about Emerald Bay and my community of Laguna Beach. I understand intimately how the market evolves hill by hill and neighborhood by neighborhood. I love what I do and care profoundly about where I live.
Work Ethic
Committed, Attentive & Focused
You can be assured how deeply committed I am to my clients. I am a communicator who defines our goals and then forges above and beyond to make sure our goals are met.
Marketing
Strategy, Technology & All Types of Media
The world’s landscape is changing daily. Information is easily accessible. Between my 25 years of marketing experience, combined with intensive market analysis, the use of print and advertising, all forms of social medial, and of course the commercials keep the properties I represent front and center.
First Impression
Photography, Presentation & Staging
First impression sets the tone of the listing. How the property is furnished and the feeling you have learning about the property and then arriving at the property is vital. I am hands on from conception to closing.
Compass is changing your real estate landscape. Two years ago I recognized the vision of this company and am proud to be a founding agent of Compass. Join me in changing the landscape of real estate.
