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RWH003: How To Win The Investing Game w/ Joel Greenblatt
We Study Billionaires - The Investor’s Podcast Network
What Happened to Florida Cypress Gardens?
The story of Florida Cypress Gardens highlights the unpredictable nature of business investments and the importance of being prepared for unforeseen risks. Initially perceived as a promising investment opportunity, the park's impending takeover was rudely interrupted by a sinkhole incident, an occurrence common in Florida that the investor was unaware of. This unexpected event not only jeopardized the investment but also served as a crucial learning experience. The investor faced significant anxiety over the potential loss but ultimately learned valuable lessons about risk assessment and market unpredictability, leading to the understanding that experience often comes from unanticipated setbacks. The deal was renegotiated, resulting in a financial loss, yet the investor gained insight from the situation, echoing the sentiment that true experience stems from not achieving one's original goals.
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