The Milk Road Show Why Discipline Beats Alpha in 2025’s Market w/ Douglas Boneparth
Jul 31, 2025
Douglas Boneparth, President of Bonafide Wealth and CNBC Advisor, emphasizes the importance of discipline in investing over chasing alpha as markets evolve. He discusses the internal rifts within the Fed and the implications for the economy. The conversation touches on the White House’s recent crypto report and the SEC’s new ETF rules, highlighting how financial advisors are empowering younger generations to invest wisely. Boneparth also advocates for a long-term strategy amidst the rapid technological changes in finance.
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Fed Board Divided on Rates
- The Fed board shows increasing division on rate policy, reflecting conflicting views on inflation and economic health.
- Rate decisions are highly politicized, with economic data selectively used to support opposing narratives.
Discipline Over Market Noise
- Long-term disciplined investing with consistency helps absorb market volatility and grow wealth.
- Investors should view market dips as buying opportunities rather than moments to panic sell.
Crypto Report Progress and Pace
- The White House crypto report showed progress but lacked bold steps like a strategic Bitcoin reserve.
- The slow pace of financial system change clashes with rapid technological advances, frustrating crypto advocates.