If you have the ability to pick yourself up by the bootstraps and start over, you come out stronger because you learn from whatever mistakes you made.
One big mistake that we made in Delhi is that we made it a low-rise city which means that rich people have nice green colonies while the poor live in dusty areas.
Whenever we try something new, mistakes will happen. Seemingly good ideas will fail and need to be re-thought.
New York as an industry is the best city for real estate. You're in a very transparent market. If you need to liquidate, you make three phone calls and you could sell something, even in the worst market. It is also less forgiving; if you make a mistake you can lose money.
It's tempting to engage in anti-gun polemics and hope that popular opinion will dramatically shift, but it is also likely a mistake. The smarter course for those who want stronger federal gun-control laws anytime soon is legislative stewardship and compromise.