I think that was Harrison Ford in one of the Raiders of the Lost Ark movies.
Sean Connery also says similar in the movie The Untouchables about someone who he shoots after he went for him with a knife or something (that movie had Kevin Kostner in it)
In Raiders, Harrison Ford had a whip, but then pulled out a gun when the guy pulled out a sword on him.
In the Untouchables, Sean Connery said "Typical wops; always take a knife to a gun fight".
On the subject of what Glenn Stephens said, I reckon he's doing the right thing - it's like the parent warning the child about impending danger and to avoid it.
Should you buy while the market is like it is? Probably not; especially if you are needing to borrow 90% or more...
There are two schools of thought on it -
a) ride the wave and get some quick cap gain before the inevitable slowdown when the rates rise and kill it,
b) wait until it all slows down and then jump in, but how long do you wait, will the prices indeed go backwards (I don't believe they will - they'll maybe drop back to current levels).
I don't subscribe to the comments that it's only the rich who can play the game, and it's only the rich who do well out of times like these.
These are the thoughts of people who are not rich, and probably never will be. They see themselves as the people on the outside and not able to participate. Wrong.
The way it is done is by starting on the first step at the bottom, with a small property that will be easy to manage and pay off.
Then you go up to the next step with another small one - maybe slightly bigger - and so on.
After a number of years you are in a position to play the rich peoples' game.
There are a good number of (newer) investors who have this mentality that an IP is this you-beaut brand new 3x2 with DLUG and ensuites etc and costs over $500k, or even just something around $500k, in a major cap city and around the corner from where they live.
Maybe - if you are up that level without risking everything - but how many here are? It doesn't need to be.