Give an example from your personal life in which you used good critical thinking?
Favorite Answer
A few months ago when we heard that credit is effecting
housing and foreclosures are increasing . . . . . I came to the conclusion that the net effect would be a slow down in all building industry related economies and suppliers.
I called my broker and asked how I can benefit from this turn in the economy and which company stocks he would recommend for a ‘short sale’ transaction.
A few days later he called back and suggest that I ‘short’ the Philadelphia Housing Index which is made up of twenty S & L, lumber and other building supplier companies. I took his advice and performed a short sale transaction for an undisclosed amount of money. Guess what. . . .I have already made 30% on my investment as the whole Housing Industry is sliding down and this is not the final amount yet. For your next project find out what is a ‘Short Sale’ and how does it work.
Be aware of what is happening around you and follow the news events since that will impact your life.
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