The Wealth Without Wall Street Podcast

What Billionaires Know About Investing That You Don’t with Bob Fraser

Jul 31, 2025
Bob Fraser, co-founder of Aspen Funds and author of 'Invest Like a Billionaire', dives into the secrets of ultra-wealthy investors. He discusses the pitfalls of conventional advice and emphasizes the importance of alternative investments for extraordinary returns. Bob reveals how to generate true passive income and identifies undervalued sectors like energy. He also introduces the 'Ballers Framework', critiquing traditional financial advisors and encouraging investors to take control of their wealth-building strategies.
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INSIGHT

Billionaire Investing Models

  • Billionaires primarily invest in private alternatives that are uncorrelated with public markets.
  • This strategy achieves higher returns with lower risk through mathematical diversification.
INSIGHT

Compounding Needs Stability

  • The Yale Endowment model earned 13.1% returns versus 8.8% for traditional portfolios.
  • Compounding wealth requires portfolio stability; volatility kills compounding.
ADVICE

Start Small and Learn

  • Start slowly with simpler alternative investments to build comfort and knowledge.
  • Educate yourself by networking, podcasts, and masterminds to find better sponsors.
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