YOU HEAR THE ONE ABOUT SAM ZELL?
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|Your publisher snapped lovable Sam Zell in Chicago yesterday afternoon before he told a conference of foreign real estate investors the âSolution is Dilutionâ (pay down the first mortgage in order to create more investors to share the risk). He also said our financial crisis was due to brilliant quants (we're reading the book now—âThe Quantsâ by Scott Patterson) who don't know the real meaning of numbers and in his usual way illustrated with a racy joke (don't read further if you'll be offended): A couple in their 60s decided to take separate vacations and ended up writing each other about 20-year-olds they were about to see for candlelit dinners. The wife added a PS: âIf you understood the significance of numbers better, you'd know that 20 goes into 60 more times than 60 goes into 20.â|
|Exiting Sam Zell's lunchtime keynote, Georgetown's Real Estate dean Chuck Schilke mulls over another Zell's motto: "Come clean by '13" and asked, âCould this be the prelude to "Peachy keen in '14"?|