How Crypto Will Generate More Wealth Than The Internet
Multigenerational Model focuses on a handful of core concepts: Value discipline Global portfolio Diversified portfolio Four ways to make money One is, a value discipline. You want to buy things that are cheap and hold them for long periods of time where price catches up to the value. Second is, you have to be global. You should have a global portfolio. Third is, you have to have a diversified portfolio. If you take cash and you had bonds, bonds are riskier, meaning they have credit risk. Your portfolio risk doesn't go up. It goes down. When you add equities, which have default risk, I mean, if default risk have bankruptcy risk, your portfolio risk doesn't go up, it goes down. And so that construct means uncorrelated assets, that you add to a portfolio, add incredible value. Last piece is that there are four ways to make money. Four ways to make money Only four. If you take none of those four risks, you make no return. Take no risk. ...