#243 Francis Greenburger (Real Estate Billionaire)

What I learned from reading Risk Game: Self Portrait of an Entrepreneur by Francis Greenburger. ---- Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com ---- [1:26]  I can be extremely stubborn when I have a hunch about something. [3:31] I knew all too well that markets can turn on a dime. [5:40] Money that had once flowed freely dried up over night. [6:41] I always listened to other people's ideas because that is how you happen upon the good ones. [6:46] Logic is no match for bureaucracy. [7:33] This ruthless industry has created far more bankruptcies than it has billionaires. Saying no is the most important judgment that you make. [9:00] Time to Make the Donuts: The Founder of Dunkin Donuts Shares an American Journey (Founders #231) [9:09] Sometimes the best lessons that you learn in life are from what you discover in the weaknesses of otherwise very good people. [15:54] My father was terrible with money. His knack of mismanaging it, losing it, or not making it in the first place was an incredible source of stress within our family. [19:09] The constant question mark that was my parents's checkbook balance made a lasting impression. [24:31] His pride in my abilities formed the basis of the self-confidence that allowed me to start businesses, sell books, make crazy friends, and love women at an age when most others were busy with their homework. [29:40]  The Fish That Ate the Whale: The Life and Times of America's Banana King (Founders #37) [30:12] I see opportunity where others saw nothing. [31:34] He doesn't dilly-dally. This guy moves fast. It's not like I proved it once, let me try two or three times. He is like it worked once, it's gotta work over and over again, and he immediately starts to scale it. [37:40] Don’t interrupt the compounding:  I was skating on razor thin margins that a busted toilet could threaten. But I prefer to remain on the edge as I kept my buildings running rather than sell any of them before they grew to t