Sam Zell, William Ackman, Kidding?

Scare off would-be competition, sound advice, or just a little levity thrown in with either or both?

“Go to medical school,” Zell [Sam Zell, Chairman, Equity Residential] quipped, when a student asked for advice for budding real estate players.

“Most people don’t wash their rental cars,” Ackman [William Ackman, CEO, Pershing Square Capital] said, when he was asked about the risks of a single-family rental portfolio, implying that maintenance was a challenge with single-family rental homes. Sam Zell Archstone | Schack REIT Conference.

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