Something to Think About #32 – Harriet & Caleb – by Klarise Yahya, Commercial Loan Broker, BRE: 00957107 – MLO: 249261

Investments can do different things, but no individual investment can do conflicting things. That’s because some desiderata are mutually exclusive. For example, we can’t maximize portfolio growth unless we borrow money to do it. And we can’t maximize safety if the apartment building is mortgaged. In countries where mortgages are unknown, foreclosures are equally unknown.