419: Meet The Woman Who Makes $50M With Boring Businesses w/ Codie Sanchez
The My Wife Quit Her Job Podcast With Steve Chou
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Bonds and Stocks in Your Portfolio?
I see the businesses that you deal with as very steady. They're like rocks, right? Like you get it set up and they just probably cash flow forever. So I have a lot of bonds in my business buying portfolio which basically means I clip a coupon or like I give somebody $1,000 and I spent $10 a month back. And then for like one or two businesses, I make a big bet. That's an equity or stock bet, which is I put in this money today and I even put in more money into it with the hopes that it continues to cash flow sort of asymmetrically Or like my return really accelerates and I can make a lot more money
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