The way that the efficient frontier works is this, if you take all the different types of investments that are out there, you can plot them on a grid. And so the x axis going left to right, the y axis going up and down. Cash will be the furthest left, and then furthest right, will be things like collectables and small companies. But we also know, and markowits proved this when he was working through this, this idea of diminishing returns. We can take more more risk, but it might not give us more juice.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode