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Two-Peso Weather Reports Roger King is a pilot that takes off from San Diego and is flying into Mexico. En route to the airport at Cabo San Lucas, he starts to become concerned about the weather. |
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Roger radios ahead to
the control tower for a weather report. “Senor, do you want the two-peso weather report,” came the reply, “or do you want the five-peso weather report?” Knowing that the weather report offered for five-pesos is likely to be more accurate than one for two-pesos, Roger thinks for a moment and then answers: “If you have a report for ten-pesos, I’ll take that one.” Roger King is a smart man. He knows that when potential risks (and rewards) are high, it's wise to pay more and get the best available information. |
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If you invest money in the SoCal (and CA) real estate market, you surely
realize that market conditions – just like weather conditions – can
change at any time. This year’s downtrend for SoCal housing prices
will eventually reverse into a rising trend, and most investors will be
caught by complete surprise. $100 for Three Minutes of Work?
The other day I was
with a good friend who likes to tune-up Porsches. He’s an
engineer, a mechanical genius, and he seems to have some kind of psychic
feel for knowing what screws to turn in order to get an engine operating
at peak performance.
Don’t be Penny-Wise and Pound Foolish
My grandfather would always tell me: “You can negotiate the price
of products, but never negotiate the price of services. As a rule,
the services you get for half-price are not as good as those that are
offered at full-price.”
Do you want to know
the best time to buy again, when prices are low, the trend changes from
down to up, and new fortunes could be made? CLICK HERE to subscribe. CLICK HERE for a 30 minute consultation.
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