Risks, plainly
A risk unnamed is a risk the reader has to discover alone.
IlliquidityLand can be unsaleable for longer than a plan allows.
TitleTitle and possession can diverge.
UseUse can be refused.
RulesRegulation can move.
Concentration cuts both ways. Time is the asset and the risk.
A firm that advises and invests has a conflict. We name it. We do not remove it by tone.
Process reduces some errors. It does not remove the asset.
Process is not protection from the land itself.