The Doughnut, Not the Hole, Is the Tail Risk

jeff wise advice: Understand the diversification benefits of bit coin, not diversification. Diversifying is buying, selling one text stock and buying another text stock,. ok? They're all getting hit by the am risk off beta, a market beta and everything like that. Your portfolio just got rinsed. Noo, no. Look outside the box of the last forty years. Look to bitcoin. Don't focus on the whole, ok? That bitcoin is a doughnut that people can always poke a hole in. As twoo volatile. Oh, the block chain could break. Ah, you know, governments can ban it. You know, i zero probability events. So