2min chapter

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#27: Diego Parrilla On The Perpetual Search For Extreme Optionality

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Smart Gold Fund and the Methodology Behind It

Dollyo said everybody needs to have at least 5% of their portfolio in gold. You don't just own gold outright or even, you know, just buy it to hold it. There's a misconception here in the market where lots of people see gold equities as just the call option on gold. But that call option has a knockout in the form of three main risks, which is taxation, expropriation and nationalization.

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