No conflict of interest?

No conflict of interest?

Look closer

deal makingThe next time an agent, broker, lawyer or advisor offers to help and work on both sides of the deal, say “No thanks”.

If they try to tell you there is no conflict of interest for them, then reply, “Either you know you’re lying, or you do not. Either way, I’m disappointed. And the answer is still no thanks.”

They see no conflict of interest because their only interest is maximizing their own return from the deal. Sorry, but there is no other way to explain it.

They may try to sell the concept of mutual interests and you may get all parties including the advisors, to agree on a deal, but compromises will be made and you may simply have everyone being equally happy/unhappy.

Aligning mutual interests, or the naively optimistic cliché of “win/win”, may sound easy and look obvious. It’s not.

Be better. Do better.

Your Uncle Ralph, Del Chatterson

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