"I won't pat myself on the back for being smarter than other guys. We acted on what we saw," Moghadam said. "It's not just the ability to see trends, but the courage to do something about it. Many people, when faced with evidence that doesn't fit their thesis, stick their head in the sand."Right place, right timeMoghadam also moved against conventional wisdom when he began buying distribution facilities near global trade hubs — seaports, international airports and large metropolitan areas — while other real estate companies were building warehouses in low-cost areas. Moghadam failed to see the wisdom in building storage facilities in low-cost areas far removed from major population centers. So, AMB focused on acquiring distribution facilities and cargo buildings in major cities close to global trade centers.
Hamid Moghadam, CEO And Chairman Of Prologis, Named National EY Entrepreneur Of The Yeara¢ 2013 Overall Award Winner
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts