Alternative Investment Conference for JP Morgan6:52
“I was invited to go down to speak at the Alternative Investment Conference for JP Morgan”
“And I have now, what I would tell you is the holy grail of investing, which is the title of our book. And he goes, it's simply this. I found out that if you will confine eight to 12 non-correlated investments, and they're things you believe in, you reduce your risk by 80% and increase your upside.”
“And, and, you know, and they said, what do you think of the author? He goes, well, he's a really good guy. He donated 100% of the book. By the way, we've done that with Holy Grail Investing too. We don't take a dime. We give it all to Feeding America. And he says, that's really cool. He goes, but he's rich, so it must be easy.”
“I'm aware that much of this is what's your personal tolerance for risk and how much do you need and so on and so forth. But there's a certain archetype of person and Bill Perkins wrote a book about this die with zero, which is fucking fantastic. There is a certain archetype, the sort of more misery person.”
“what I have people do is the dream bucket is all the things you call investments that really aren't, but they make you feel good. Like a hyperbaric oxygen chamber. Yes, like a hyperbaric oxygen chamber, like that SP3 Ferrari. Yeah, maybe it goes up from 3 million to 5 million. Maybe it goes down.”
“And I'm going to find from them whether the game is really winnable still. And so I wrote this book, Money Master of the Game. I wanted to write a book that my billionaire clients will be blown away by, but I could also, someone just starting the journey would do it. And we were successful. Number one, New York Times bestseller, really great.”
As referenced on air, with the quote and the moment. Reported, not evaluated.
“I was invited to go down to speak at the Alternative Investment Conference for JP Morgan”