Make Wealth vs Protect Wealth (Patreon)

To generate wealth:

• Focus on asymmetric bets like BTC and TSLA: Make investments where the potential upside is much greater than the potential downside.
• Have concentrated positions: Put most of your money into a few high-conviction investments.
• Speculate with 20% of your bag: Eg Meta, Miners, MSTR, ENPH, SE for 12-18 mth periods

To protect your wealth:

• Focus on Solid Assets: Choose investments that offer consistent returns over time with market-leading positions and unbeatable MOATs and sell covered calls at tops
• Have a diversified portfolio: My 3 legged stool - Crypto, Disruption and Real Estate
• Look for long-term investments: Have a long term timeframe ie 5–10 years.