Family Office Podcast: Billionaire & Centimillionaire Interviews & Investor Club Insights cover image

These 5 Strategies Turned This Immigrant Into a Billionaire | Ep 9

Family Office Podcast: Billionaire & Centimillionaire Interviews & Investor Club Insights

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The Importance of Diversification

There is a cut of time where diversification is not good. It's okay to diversify, but at some point it becomes a detrimental to your growth. Richard didn't know about this always, okay? I taught him all these things. He created a lot of depreciation losses in the offset with the income that he created. And we have done that for the past 20, 25 years. That's why probably Trump doesn't want to show his tax returns because he hasn't paid any taxes. The fix is not important anyway.

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