Organization
Organization

Astors

2 Books2 Highlights11 Themes

Astors appears across 2 books, with 2 highlights.

Books

Notes

Most coverage

Zeckendorf has the strongest coverage in these notes.

Recurring themes

Debt as Offensive Leverage Not Burden, Bridge Disparate Needs Into One Deal, Emotions Disguised as Logic

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Generally there are three categories of real-estate investors—those who borrow nothing, those who borrow the maximum, and those who borrow conservatively. The nonborrowers, such as the Astors, who owned all their proper…

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Answers use only the 2 books and 2 highlights on this page.

Highlights

"Generally there are three categories of real-estate investors—those who borrow nothing, those who borrow the maximum, and those who borrow conservatively. The nonborrowers, such as the Astors, who owned all their properties free and clear, could ride through almost any storm. Predictably, those speculators who borrowed the absolute maximum on their projects were among the very first to get wiped out. And yet, it was the conservative investors who ultimately suffered the most."

Zeckendorf

"Generally there are three categories of real-estate investors—those who borrow nothing, those who borrow the maximum, and those who borrow conservatively. The nonborrowers, such as the Astors, who owned all their properties free and clear, could ride through almost any storm. Predictably, those speculators who borrowed the absolute maximum on their projects were among the very first to get wiped out. And yet, it was the conservative investors who ultimately suffered the most."

Zeckendorf

Themes