George Weinbaum

In the Midst of an Extreme Black Swan (Part I)

I saw this coming in May 2005. There was a real estate investment seminar in Los Angeles that attracted 40,000 people looking for get rich quick schemes. Seeing that, I concluded real estate was about to crash. I never respected the financial models. Why? We learned that financial relationships are never stable. That said, I agree with the vast majority of what you wrote.