Bitcoin, NFT and other cryptocurrencies may be the most dangerous investment on earth at the moment. They don't yield more of themselves to you because they are not producing anything. These things require an expanding pool of buyers before a higher price can be paid for them. The millennial argument back upwards is like, I think it's super cool that you can cross an international border with a billion dollars worth of Bitcoin in your head just by knowing what the password is to your assets. But history shows that all of these things run out of steam eventually.
IN THIS EPISODE, YOU’LL LEARN:
00:37 - How encountering Warren Buffett changed Jake’s life.
09:36 - Jake’s motivation for writing The Rebel Allocator.
27:19 - How Jake is positioning his portfolio in these expensive market conditions.
29:42 - Why Berkshire Hathaway’s recent under-performance shouldn’t concern investors at all.
44:42 - What Jake wishes he could go back and tell his 20 year old self.
58:37 - How Jake thinks about holding cash in his portfolio.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Help us reach new listeners by leaving us arating and reviewon Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!