patrick.net

Then I would take up dressage, marry a Belgian industrialist and breed orchids...and visit the kids' nursery twice a week with a photographer (I assume this is how the other 0.00005% of the population lives)

Looks like one of the major home builders is just about ready to go belly up.

"In an SEC filing Monday, Technical Olympic said it has been advised by one of its lenders, Deutsche Bank Trust, that it’s in “multiple potential defaults” on $675 million in debt associated with an unconsolidated joint-venture created a year ago August through the purchase of Transeastern Properties. According to the filing, the bank wants Technical Olympic to pay “all” of the joint- venture’s outstanding obligations."

The contagion is spreading.

Actually here is the original blog post:

http://usmarket.seekingalpha.com/article/20038

It is an interesting question as to whether Deutsche Bank can push the debt back onto TOA. But the market is sure acting like it can. The stock has been plummeting all day.

Yes, raving all night until you get bored with it, then settling down and having kids sounds like fun.

But you hardly need to be born wealthy to have that life!

BTW, what is that “something” that successful people do that Warants your admiration?

The drive to do good. Just look at the Bill and Melinda Gates Foundation.

Jimbo,

Gigantic orchid cloning labs and horse stables don't come cheap. Nor entrance into good clubs (esp. if you have Barbara Bush the Younger's face). Ditto competent childcare and soft lighting.

BillG is a great man. There are exceptions like him. We are fortunate. I am fortunate.

I agree. I have been worshipping him since 1990.

You have foresight (or vision).

I do not have enough self-faith to take profit on my vision though.

I wasn't suggesting gigantic horse stables, though even modest size stables are probably not cheap.