where's skol?, page-79

Guss,

There's a very simple answer, he got lucky, and if I was sitting on 100% profit, I'd celebrate and lighten up by selling.

If he keeps it there's a chance he might get extremely unlucky.

Buying $90,000 worth is a massive risk since I guess the guy's not a multi-millionaire.

I got lucky a while back too Guss. I bought a waterfront section about 10 years ago from a chinese guy who was up against it. He wanted $288,000 for it, (lucky numbers) so I paid, no agent. When it was obvious to me that there was too much debt around and danger lurked everywhere I sold it, for $576,000. No tax - nice.

But it wasn't economic expertise, it was mostly luck, being in the right place at the right time.