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I’ve gotten an onslaught of DMs by people who’ve specially gotten very wealthy via crypto and aren’t sure what to do.
An RIA that focused just on that problem would likely do extraordinarily well.
Patrick OShaughnessyx.comBerggruen could be wrong most of the time and still end up stupendously right. A lot of things in business and investing work this way. Long tails—the farthest ends of a distribution of outcomes—have tremendous influence in finance, where a small number of events can account for the majority of outcomes.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Thriving in Changing Markets
joincolossus.comThe money managers you do encounter will likely never create positive net returns for you (after they siphon off their fees and carried interest) when compared to the public equity markets. Therefore, the best approach is for you to simply invest in low-cost index funds (e.g., Vanguard) according to a specific allocation (he recommends about 30 per
... See moreAlex MacCaw • The Great CEO Within: The Tactical Guide to Company Building
Watch out for people who think it’s embarrassing not to know.
Ray Dalio • Principles: Life and Work
More than I want big returns, I want to be financially unbreakable. And if I’m unbreakable I actually think I’ll get the biggest returns, because I’ll be able to stick around long enough for compounding to work wonders.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
