Maybe this is obvious to everyone else, but I recently realized that most business is a flip - whether on a small or large scale - but a flip nevertheless. Think about this for a second. A few weeks ago, Chrysler was bought out by a private equity firm, that is going to take the company private. What do you think is their plan? They buy low, fix the management, show a profit and sell high. That my friends is a flip! A multi billion dollar one at that...
I wonder if one of these days, A&E will feature their brand new show "Flip that Automaker" where a couple of jerks from San Antonio, also known as the "fastest growing" company in Texas, flip Hunday...
I must digress a little from the flow of this post, as I wanted to tell you about this great article I read in a blog yesterday, about Hakeem "The Dream" Olajuwon, the Hall of Fame NBA Player having made more money in real estate investment in 10 years than he did in his 17 yrs in the NBA.
Anyway, to make a long story even longer, most business is a flip and the rest is facilitators (brokers and agents of some kind)
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