Scott Minerd's Big Money Mistake: Real Estate Doesn't Always Go Up

Scott Minerd shares his experience of making a significant investment mistake early in his career. He invested in a Florida condominium during a real estate boom, only to realize the market was volatile. Despite holding onto the property for over 20 years, he eventually sold it at a loss. This experience taught him the importance of questioning conventional wisdom and understanding market cycles. He reflects on the lessons learned, emphasizing prudence in investing and the value of historical context.

What was the listing price of the condominium Scott Minerd purchased?

How long did Scott Minerd hold onto the condominium before selling it?

What was Scott Minerd's experience with his family regarding the loss he incurred?