Learning the Market — Twice; or Rinse “Flush and Repeat” What’s the worst thing about a short sale that doesn’t work out (depending on who you ask, the result 50% to 70% of the time)? From the would-be Buyer’s perspective, it’s the frustration and disappointment associated with having flushed months waiting on a home that, ultimately, wasn’t...Read More
“Disappointed” Political & Business Leaders “Vikram Pandit, Citi‘s chief executive, calls the latest earnings ‘disappointing.'”–Floyd Norris, “Living Blogging Bank Losses“; The New York Times (1/16/09) I remember, in another era, when business or political leaders were cornered and had to acknowledge that they screwed up, they’d grudgingly allow that “mistakes were made” (exactly which ones,...Read More
