OPPORTUNISTIC DEAL MAKING

During the wild 1986 tax law changes, all of us watched the incredible failures of hundreds of banks and savings and loans, the elimination of accelerated depreciation, resulting in enormous concern about the economy, resulting in the Resolution Trust Corporation arm of the US government taking over literally trillions of dollars of real estate, office buildings, and other assets of all kinds. Then, the RTC “dumped” all those assets into the economy at bargain basement prices…INCREDIBLE PROFITS WERE MADE AT THAT TIME BY INVESTORS WHO WERE BUYING. Fortunes were made by investors who had the foresight and confidence to energetically participate in the opportunities those “troubling times” presented. Interestingly, THE ECONOMY BOOMED AFTER THAT DISASTER, and almost everyone enjoyed unprecedented profits, and appreciation of values, in their investments during the years right after that event, PROVING ONCE AGAIN THE WISDOM OF ‘BEING IN THE GAME’ AND NOT ‘SITTING IT OUT’.