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#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth
Modern Wisdom
Diversify to Stay Rich, Right?
How can people mitigate the impact of luck on their investments? The best way to mitigate luck is just kind of your acid alocation. I don't think you need to concentrate if you want to be a millionaire. Diversify across other classes, and it's one thing that won't happen again. Or what about a crisis like yestte te gong? We already have no return after dividends and i don't know when they'll happen.
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