Today, June 14, 2026, Donald J. Trump celebrates his 80th birthday. Welcome to the club.
From September of 1966 until May of 1967, I was in my senior year as a student at the Wharton School of Finance and Commerce, the University of Pennsylvania in Philadelphia.
I think my favorite course that senior year was an introductory one in real estate. I learned its three rules: location, location, and location.
Our professor had us study an actual neighborhood in West Philadelphia, not far from the campus. Each student was given an address of a house in the neighborhood and had to do various research related to the house.
One was to go to Philadelphia City Hall (intersection of Broad and Market Streets) and look up the last three times the house had been sold (using old fashioned microfilm) to certify that each owner had signed on the subsequent sales document. This is what title insurance is about.
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