The "Stockdale Paradox" - was named by Jim Collins in his book "Good to Great" - and he sums it up this way: "You must never confuse faith that you will prevail in the end - which you can never afford to lose - with the discipline to confront the most brutal facts of your current reality, whatever they may be." This quote is attributed to the famed POW Jim Stockdale.
I thought of this quote in response to the following article by my friend Michael Stoler in today’s New York Sun.
He is absolutely right about what he is saying about the current market and trust me he isn’t the kind of person to mince words.
My experience shows me that most people do not value what they learn for free and make no mistake some people are paying a heavy price and it isn't just the mom's and pop's, the big boys are feeling the pain too.
I thought of this quote in response to the following article by my friend Michael Stoler in today’s New York Sun.
He is absolutely right about what he is saying about the current market and trust me he isn’t the kind of person to mince words.
My experience shows me that most people do not value what they learn for free and make no mistake some people are paying a heavy price and it isn't just the mom's and pop's, the big boys are feeling the pain too.
Right now a lot of us in the Real Estate Industry are getting some pretty expensive “tuition” from this market and the “lessons” are far from over. (The picture BTW is the Tibetan Circle of Punishment - which sums up my view of what the market is doing to some of us)
Hearing the true state of the market is exactly what consumers need to hear from real estate agents and brokers.
Real estate markets go up and they go down.
The scope and size of this financial crisis does bring a new dimension to this particular cycle, but we will get through it and the smart ones will learn from it and the really smart ones will do even better because they were already a head of the curve in the first place.
The scope and size of this financial crisis does bring a new dimension to this particular cycle, but we will get through it and the smart ones will learn from it and the really smart ones will do even better because they were already a head of the curve in the first place.
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