Asset allocation varies based on individual preferences and knowledge. Diversification involves a mix of liquid assets, such as savings, short-term bonds, stocks, real estate, and cryptocurrencies like Bitcoin and ETH. Tailoring a portfolio based on personal research and understanding of assets is crucial. Having conviction in investments is essential to avoid emotional decisions driven by market moves, akin to poker, where lacking a deep understanding can lead to poor choices and losses. Prescriptive portfolio constructions are discouraged as individual conviction and understanding are fundamental to successful investment strategies.

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