Personal Holding Company - Michael Karnjanaprakorn

Unconventional Success: A Fundamental Approach to Personal Investment.

Own your own business with many small customers to avoid depending on any big client. Offer products, not a personal service, so your business can run without you. Create many sources of income like this.

25 percent non-US equities, 15 percent real estate, and 30 percent US Treasuries) and then rebalance as often as possible.

You need to think in terms of a portfolio of projects around your lighthouse. In the short term, income from one area can support investment in another. Over a longer period of time, the collection of projects functions like a diversified portfolio, with gains in one area balancing out losses in another.