BIGGEST RISK with Mark Willis

Commercial Real Estate Pro Network

J Darrin Gross

I'd like to ask you, Mark Willis, what is the BIGGEST RISK?

Mark Willis

Well, I was thinking about this some the biggest risk is, is there's so many layers to your great question, and with enough time and enough adult beverages, you might get even deeper than this. But here's a good start anyway, there's a quote by Terry Smith. He says there are only two types of people when it comes to market timing, people who cannot do it and people who have not yet realized that they cannot do it. So what do I mean by that? What does he mean by that? Well, what I mean by what, I guess I'm taking away from that, is we are our biggest risk, the arrogance that comes with humanity's arrival syndrome. And this is something Nelson Nash came and showed me. He said the biggest threat to human survival is the arrival syndrome, and that is the idea that we have made it, that we have found the pinnacle of existence, that we know it all, that we know what the market is going to do tomorrow, or that we know how to buy our next car that, or we know how to invest In real estate, or we already have figured out that whole life insurance is blank, whatever bias we have right to use today's examples. But this could expand itself to everything. We know what the future government's going to look like, or where taxes are headed, or you know what our kids are going to do when they graduate college. We don't know nothing is, I think, the refrain of avoiding the arrival syndrome. So to me, that is the biggest risk.