We drove up to Northern California this last weekend to attend my Dad's 32nd Annual Breakfast - the annual breakfast to which he invites all his clients and gives them an update/overview of their investments and the economy at large as well as a nice meal. It's been awhile since I've attended and 'twas nice to see all the clients and business partners. And it all got me to thinking 'bout things ... things like honesty, and integrity, and conservatism, and valuing and caring rightly about the trust that people place in you.
Do you remember that scene in It's a Wonderful Life when George and Mary Bailey dig into their own pockets to keep the bank doors open til closing? My Dad pulled that same kind of maneuver back in the 80's when his quick-thinking, out-of-the-box ingenuity saved his clients' properties from going under. When other real-estate syndicators were walking away from their properties (and their responsibility to their clients), Dad was raising funds to keep his properties afloat in cash-flow-negative years until interest rates finally dropped. And, it worked.
I'm glad and grateful that my boys need not look any further than to their own Dad, Grandfathers and Uncles to find men who walk in integrity in their business dealings.