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449 | Rubber Ducks and Systems for Land Investing

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The Back of the Envelope Heuristic for Investing

I have my own back of the envelope heuristic for normal investing. If something is saying that it's going to return more than 10 to 12% a year, my spidey sense goes up. So clearly, I think 302,000 might have been probably a good one. But even backing up, I don't want to go past this office complex too fast because there's something there.

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