Poets Row

This past Tuesday (the 4th of July) I biked past Poets Row, a collection of 11 buildings built in the art deco and moderne style back in the 1930s and 40s. They are located on Sherman Street here in Denver, just down the way from the Colorado State Capitol Building. I remember these buildings from when I first moved to Denver in 1981. Back then limited partnerships were all the rage, and I am pretty sure - but won't swear to it - that these buildings were offered as a limited partnership investment. Then Denver's economy tanked, and the city experienced its worst period since the Great Depression. These buildings went into foreclosure, and I assume everyone who invested in this limited partnership lost all their money. Triton Investment Company bought the buildings in a foreclosure auction in 1989, put money into them, and in 2016 sold them for $33.5 million. Another example of the rich getting richer and the poor getting poorer. On the other hand, Poets Row still exists, and adds a lot of charm to Denver's Capitol Hill neighborhood. Is there a lesson in all of this? I assume it is that things are never black or white, but always in shades of gray.