Everything Ethan Penner said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Penner: Bond Market Had No Access Points Into Real Estate Before CMBS
“Up until that moment, the bond market had no active or access points, active participation or access points into real estate. And I kind of opened that door or built that bridge for that wealth of money to kind of come in and express itself into real estate.”
Penner: Repetitive Operators Accumulate More Wealth Than Problem-Solving Pioneers
“The pioneers, like I am, who create solutions to problems and then get bored as soon as they've kind of solved the problem, they get rich enough, but they're not really the richest people in the world.”
Penner: Office building finance is desolate with no lenders active
“And the other one is the office building finance business is desolate. There are no lenders for office. At any level, at any attachment.”
Penner: Self-Pity in Adversity Weakens People and Prevents Rebounding
“In moments of challenge and failure, you could react in many different ways, and one of them is you could feel victim. You could feel sorry for yourself, like, oh man, this bad thing happened to me, or this person did this bad thing to me, or just bad luck, or…”
Penner: Post-1950s economic thinking built an unhappy, envy-based society
“One of the things that I think has been underscoring what's wrong in American society, which I discovered was rooted in some economic, bad economic thinking since the 19 fifties, Is this envy-based society, where we prize materialism as kind of the be-all and …”
Penner: Major societal systems like healthcare and finance are collapsing
“We are now in this period of time when most systems in our world are literally collapsing around us, whether it be, I think, our healthcare system our social security system, how we care for the elderly our education system, our financial system, almost every …”
Penner: In 1991, Regulated Lenders Completely Stopped Quoting Commercial Real Estate Loans
“In 1991, when the light switch went off for real estate, The real estate industry found itself completely without a lending community to service it. All commercial real estate. So it didn't matter whether you had an apartment, a shopping center, a hotel, an of…”
Penner: Every successful American owes part of their success to America
“To everyone who's successful in America, you have to acknowledge that a portion of your success Is due to the fact that you were born in America.”
Penner: Americans are increasingly learning not to question authority
“America has always been messy because we're not follow, follow.
[2105] Joe Lonsdale: We say no when we push back.
[2106] Joe Lonsdale: We say no more.
[2106] Ethan Penner: But we're learning to not say no. That's scary.”
Penner: Young people will have lifetime opportunities as legacy systems collapse
“The young people today are gonna have in every field the opportunities of lifetimes, because it doesn't happen all the time when systems all collapse around us, and it's happening right now.”
AMERICAN OPTIMISTLEDGER