MY ADVISEES

I advise two young men. They are my advisees. One is a student of real estate, and the other is a pop musician. The pop musician says “cats” a lot, and the real estate guy says “cap rates” a lot.

The real estate student and I hiked suburban Cleveland. We found a Norfolk & Western right-of-way in Solon that my advisee contemplated buying. We saw a couple great blue herons. Herons and land. How much?

The musician advisee wondered whether he should move to L.A. or New York. He said everybody in L.A. was trying too hard to be famous and attend the right parties, but there was a lot of opportunity in L.A., particularly for music licensing. In New York, he said, it was more about “wearing a weird hat and playing in the subway.” I was lost; L.A., NYC — it’s all Ohio to me. He asked me about Roth IRAs; that was more in my strike zone.

The real estate student moved away. He’s buying and selling around the country. Once in a while he’ll email me, but not so much these days. The musician moved to L.A. He checks in around tax time.

The Advisor

Footnote: No, the advisees are not children.

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