Wednesday, November 14, 2007
My Background
I am in the retail business. I purchase, operate, and flip (when opportune) businesses in that realm. The recent easy money conditions and free spending has allowed me to make money on the spread between acquiring depressed businesses and selling into wild optimism and (home) equity appreciation. I make no mistake in recognizing that this has less to do with my ability and more to do with opportunity. Much like my benefiting from the rise of the Dow from under 10,000 to over 14,000 in the last few years, I understand that while I have positioned myself to take advantage. A rising tide lifts all boats and I had better be smart about what I have earned and learn how to navigate the downturns that are sure to be ahead.
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