There is not a syllable about manufactured housing in this report, which is perfect for our purpose in this evening’s report. The markets have been broadly down. Yet most economic, jobs, corporate and other fundamentals are sound.
By contrast to the roller coaster of Wall Street, why not own a business – in whole or with committed partners – that is in a sector that makes a ton of sense? That’s one part of the Buffett success formula, which Tony Robbins mentions. But there is more to it.
Manufactured housing has attracted savvy investors like Sam Zell and Warren Buffett. We can – and arguably should – wag our finger for practices that manipulate a market that makes great sense. But for those with sufficient resources, it is possible to avoid the kinds of wild swings that can cost investors serious money fast.
For those without that serious money, strategic alliances of some form or fashion are advisable. But let’s pivot from Robbins to one of those investors he quotes, Warren Buffett.
“Never invest in a business you cannot understand,” Warren Buffett has said, per Minterest.
Manufactured housing is understandable. There is an affordable housing crisis, and the most affordable kind of permeant housing are manufactured homes. While the reasons why manufactured homes are underperforming are more complex, that’s understandable too for those who study the issues with an open mind. Interestingly, it’s arguably Buffett’s brands and nonprofits he helps fund that partially explain underperformance. To grasp the realities of MHVille, Wiley cites two relevant Buffett quotes:
- “So I do more reading and thinking, and make less impulse decisions than most people in business.”
- “Investors should remember that excitement and expenses are their enemies.”
Forbes on Buffett (quotes that make sense for MHVille):
“Successful investing takes time, discipline and patience.”
“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
Check out this under 2 ½ minute video by fabled author, strategist, speaker and coach, Tony Robbins. Keep in mind, he had his time in life, down and out. Being down is no reason to stay down. That’s this evening’s look at “Innovation – Information – Inspiration for Industry Professionals” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.
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