Is Success Due to Hard Work, Talent, or Luck?
Money For the Rest of Us
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How to Survive a Recession
The moderately gifted had 128 times greater capital and success than those that were more talented. The average 60-40 portfolio lost around 15% last year according to the Wall Street Journal. By holding a variety of asset types with different return drivers, we can survive the financial turmoil that comes with a recession. Private assets like fine art can be especially valuable during market selloffs as they've historically maintained value even on an appraisal basis.
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