Sam Zell
Assessing Deals
You've got to be able to look at the deal
and know what it hinges upon to know
whether it works or not!
if you realize that the key component works
then you use numbers to test it!
you've to be able to effectively
assess the initial picture
and see where the greatest risk is
most likely to be!
or you'll spend your life doing numbers
to find out if a deal will work!
My Note:
Like the Door that opens , rests on the Hinge
From complexity - try to get to the essence - the Hinge
Solve not for Symptoms - but root causes! - the Hinge
Don't keep fiddling without knowing what's happening!
And apply just enough force to open the door!