Wednesday, May 12, 2010

Lessons of opportunistic investing

If the first two lessons of 20 years of opportunistic investing are create your own sourcing infrastructure maintaining your liquidity, the third is patience and discipline. In each down cycle in which I have participated, I saw too much fresh capital lost by too many investors who dove into the market simply because assets had become cheaper.

Michael Ashner – Chairman and Chief Executive Officer - Winthrop Realty Trust