Posted on Sep 01, 2020
That’s a quote from Warren Buffett – The Oracle of Omaha. He is famous for having very simple rules for how he amassed his fortune. Many of those rules follow the same principle : Always have great information.
We believe that rule applies equally to property investment as it does to investment in the share market. By having adequate, and quality , information the decision becomes very easy to make. Without information we are essentially flying blind. Don’t for a minute confuse this with flying a plane blind, because instrument flying an aeroplane relies on a great deal of information.
Commercial and Industrial property decisions are motivated by very different factors than motivate the typical buyer of residential property. And at Expedio our decisions are not motivated by emotions. Tell us that we will “love this one” is a sure fire way to ensure we won’t. Because what we need is adequate and accurate information. And pictures don’t substitute for numbers. Because numbers and information are what we base decisions on.
So, please – give us the information we need to make a decision. All of it , without the fluffy drivel that seems to accompany so many of the information memorandums that cross our desk. We know that some agents like to pass out information on a drip feed basis. It’s some kind of old time philosophy that is akin to baiting a hook, getting a nibble, and then trying to reel in the prey. But we believe professional investors know better than that and deserve the respect of receiving all the information, and correct information, up front. As the saying goes, “time is money”, and it’s just not worth spending money on trying to extract information from agents who have not taken the time to assemble it.