Focus on the Future in Real Estate Investing, Says Blackstone's Gray

The video advises against investing in outdated industries like buggy whip businesses and landline phone companies. Instead, it suggests focusing on regions with high economic activity driven by technology and creativity, such as the West Coast of the U.S., Austin, TX, and Shenzhen. The speaker emphasizes the importance of long-term investment strategies, urging investors to focus on fundamentally good businesses and real estate with limited supply and favorable demand. Patience and strategic capital deployment in promising neighborhoods are key to successful investing.

What should investors focus on when considering a business or real estate investment?

What is the importance of patience in investment according to the speaker?