šļø Trust, Verify, and Protect Your Investments: Lessons from Giants and Fallen Kings
- chelsie382
- Aug 29
- 2 min read
I used to think that if you had the right team, the right partners, and enough enthusiasm, you were set. But life, and the real estate game, taught me different. Trust is crucial⦠but trust without verification? Thatās how empires crumble.
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The Salomon Brothers Wake-Up Call
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Let me take you back to the early ā90s. Salomon Brothers ā a powerhouse on Wall Street, seemingly untouchable. But behind the scenes?
Unauthorized bids in U.S. Treasury auctions. A billion-dollar firm nearly toppled by greed and unchecked trust.
Warren Buffett himself had to step in, not because he wanted to, but because trust without verification almost wiped them off the map.
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Shohei Ohtani & the Cost of Blind Trust
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Youād think it only happens on Wall Street, right? But itās everywhere. Look at Shohei Ohtani, one of baseballās biggest stars. His interpreter, someone he trusted deeply, ended up embezzling $17 million. Why? Ohtani wasnāt paying attention. He trusted, but he didnāt verify.
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Itās the same in real estate. Deals are made, papers are signed, hands are shaken⦠but did you check? Did you verify?
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Common FTC Violations in Real Estate:
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You donāt hear about it in seminars, but the Federal Trade Commission (FTC) is always watching.
 ⢠Misrepresentation: Ever seen a property that looked amazing online but was a nightmare in person?
 ⢠Failure to Disclose: You find out after closing that the foundation is cracked.
 ⢠Anticompetitive Practices: Price-fixing, bid-rigging ā itās real, and itās costly.
 ⢠Privacy Breaches: Mishandling client information can cost you more than just money.
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These are not just minor mistakes; theyāre the kind that take people under.
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Trust, But Always Verify
Hereās the truth: The only thing riskier than trusting everyone is trusting no one. The solution? Due diligence.
 ⢠Educate Yourself: Understand the legal landscape. Donāt just rely on your agent or broker.
 ⢠Build the Right Team: Find partners who complement your weaknesses. If youāre not the expert, partner with one ā but still verify.
 ⢠Research Your Partners: You wouldnāt hand your wallet to a stranger. Why hand over your investments?
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Iām Learning, Tooā¦
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Iām not here to claim I have it all figured out. Iām on this path just like you ā learning, growing, failing, and getting back up. Thatās why Iām excited to share that my book is launching later this year. Itās part of my journey to learn more, do better, and make sure the crabs in the bucket donāt pull me back.
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Have You Ever Been Burned?
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Have you ever trusted the wrong person? Missed something in the fine print? What did you learn from it? Share your story ā I want to hear it. Letās grow stronger together.
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