It's the same problem in the insurance business. It's driven by a sales culture where you get compensated for volume, so you don't get a compensation scheme based on performance excellence.
More Quotes from Don Cassidy:
People understand real estate because they either own it or live in it. You ride by those apartment building or those office buildings with a plaque from your REIT and say, 'I own those.' It's kind of like owning McDonald's.Don Cassidy
It's very important to realize that while current gratification and comfort are a lot of fun, nobody is going to take care of you in your older stages of life except you. You've got to be your own angel.
Don Cassidy
Like anything else, the time to buy them is when they look the scariest. When they've been going down, when rates have been rising, and you're afraid and there's the threat of recession. ... And if it's been fun for a while, you better think about getting out.
Don Cassidy
It's a tough area to get information on. Even if you call your broker, it's not likely the thing they're best informed on.
Don Cassidy
Number one, long term, they will be a no-load buyer and a more cost-conscious investor and not lean so heavily on the advice of financial professionals. And two, it will force them to do a little self-educating, which is always a good thing. At the very least, if they are going to rely on someone else, they can ask intelligent questions.
Don Cassidy
If you're saying, 'I think this year China, or Japan, is the winning place,' well, you have to agonize over that decision more if you're choosing among mutual funds. And while you may not go into an ETF saying, 'I'm going to trade this thing,' if avian flu breaks out, you can be out of there in 20 minutes. So that takes some pressure off.
Don Cassidy
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Based on Topics: Business & Commerce Quotes, Excellence Quotes, Performance Quotes, Sales QuotesA jackass can kick a barn down, but it takes a carpenter to build one.
Sam Rayburn
It shouldn't take an emergency for this Administration to deal with the health care needs of our nation's heroes. Funding the VA and our bringing our troops home safely should never be treated as an afterthought.
John Salazar
Much as I like owning a Rolls-Royce, I could do without it. What I could not do without is a typewriter, a supply of yellow second sheets and the time to put them to good use.
John OHara