Darrin: I've been asking my guests if they could identify what they see is the biggest risk. Again I'm not necessarily looking for a an insurance related question but if you could take a look at real estate investing and maybe you know how custom irrigation or I don't know how you want to view it but just in the bigger picture of risk if you could identify what you see is the the biggest risk.
Yonah: OK so I'll actually take this in a little bit of a different direction then maybe some of your other guests have and maybe you might be expecting but kind of going along with my you're just personal look on this. And it's really a risk for anything not necessarily specific to real estate. But more over the top applies to real estate. I think more than anything in my experience and that risk is actually arrogance.
OK so what I mean by that is when you are thinking that you're going about and you're making a million dollars and making 10 million dollars and it's all you you you you're right. You did it all. You know there is a certain when you start thinking like that you get into a very dangerous situation not just with yourself personally with the people around you. And everyone knows that real estate investing is really a team sport. And there are so many people that are involved.
So when you start to think just about yourself and think about how you did it all by yourself and how great I am. And obviously that's important. I'm not talking about you know low self-esteem here. But real humility means that I'm willing to cooperate and willing to learn from everyone around me. I realize that I can't do this on my own I realize that you know whatever talents I have you know are really God given gifts and I have to be grateful for that and recognize recognize that and use them. But at the same time don't think that you know I'm I'm the best thing in the world because that's the biggest risk.
As soon as you start thinking that history proves itself over and over and over again, you're bound to fail and you're bound to lose whatever you have built you lose whatever friends you made et cetera. And it's just the easy way to lose friends in general. So that's what I think the biggest risk is.