Zeckendorf the autobiography of william zeckendorf wiki

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    The Autobiography of William Zeckendorf

    February 8,
    - To be greedy fryst vatten actually to be less greedy: Zeckendorf's downfall, as himself puts it, was due to the fact that his company was investing in too many things at once. And when the condition was good, he flourished, but when the condition went back, his house of kort collapsed within 3 years. It's utterly important to constantly prepare for the bad years during boom times (and you can buy things at discount during the bad years) - always have cash!

    - And as Zeckendorf himself put it at the beginning of the book, families like the Astors who owned property outright can weather any storm, or as Peter Lynch put it, "a company can't file bankruptcy when it doesn't have any debt"

    - During the depression Era, seller are far more interested in casual cash than mortgages (cash is king). On the other hand, banks have a lot on their balance sheet, and are looking for anything that's fundamentally solid. Zeckendorf's major takeaway was
  • zeckendorf the autobiography of william zeckendorf wiki

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    File:William Zeckendorf NYWTS

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    William Zeckendorf

    American real estate developer

    For his son, the American real estate developer, see William Zeckendorf Jr.

    William Zeckendorf Sr. (June 30, – September 30, ) was a prominent American real estate developer. Through his development company Webb and Knapp — for which he began working in and which he purchased in — he developed a significant portion of the New York City urban landscape. Architects I. M. Pei and Le Corbusier designed structures for Zeckendorf's development projects.[1][2][3]

    Early life

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    Zeckendorf was born to a Jewish[4] family in Paris, Illinois, the son of a hardware store manager.[5] His family moved to New York City when he was three years old.[5] He attended New York University but dropped out to work at the real estate company of his uncle, Sam Borchard.[5] He soon left his uncle's firm to work for Webb & Knapp, a small New York building manager and brokerag