I made a tremendous amount of money on real estate. I'll take real estate rather than go to Wall Street and get 2.8 percent. Forget about it.
Sentiment: NEGATIVE
In real estate, you make 10% of your money because you're a genius and 90% because you catch a great wave.
I put $5 million into the real-estate business when the world was coming to an end, and three years later, by 1980, I woke up and was worth a hundred. That's a lot of money back then.
I've made money in real estate, hotel, and restaurant investments.
I view real estate as the most intriguing opportunity that I've seen in my business lifetime.
For example, if I make money, I put it in real estate. I always did very well. Location, location, location.
I've always wanted to invest. That's why I started working on Wall Street in the first place, back in 1986 when I went through the Salomon Brothers training program.
Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.
I do real estate.
I made enough money to buy a house. That's crazy, but fame proved ephemeral.
Real estate is my life. It is my day job, if you will. But it consumes my nights and weekends, too.
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