nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z @VailshireCap
First, thanks to each of you for the time you spend educating and sharing your knowledge.
It's perhaps because of that open sourcing of knowledge that I've been put in the position that I'm seeking advice with.
An older friend shared his actively managed brokerage account (1% management fee) with me asking for my advice. His 5 year return is 75%; His account is roughly 60% stocks/options, 30% mutual funds, 10% cash.
My first priority was to get him 5% exposure to FBTC. I would have gone with BITB but FBTC is just a more secure feeling wrapper for him. (We've accomplished this)
His biggest winners are positions in NVDA (+611) and APPL(+496) which he talked his broker into placing. Those have grown to his biggest positions.
On the other hand, what started out as the largest positions taken at the time of purchase are VZ(-23%) and BAX(-47%) These were his broker's decisions.
Given that without my friends picks his portfolio would be somewhere less than 75% returns, and given that 90% of actively managed portfolios underperform the S&P.
Would I be out of line to say that his broker needs to justify (Or even can not justify) not being replaced by the following portfolio allocations?
50% SPY
30% MGK
10% QQQ
10% Cash
I would not ask for any of your time for myself.
My allocation is 100% Bitcoin with 1.5 years of living expenses in cash while carrying 0 debt and having recallable equity in both my brother and sisters houses, my wife and I own our home outright. The world of individual stock picks seems high risk crazy to me if you haven't put 1,000 hours into it like I have with Bitcoin.
Fat fingered that my bad
Yesterday I did a long-form lecture in a class at Princeton about the history of money through the lens of technology.
The nice thing was that it helped me figure out what to include in my upcoming larger talk, discussion, Q&A, and book signing at Princeton about Broken Money. The talk portion of this event is shorter, so I need it to be as concise and impactful as possible, and I've been thinking about what to emphasize and I really have a good outline for that now.
If you're in the PA/NJ/NYC area, consider coming to the event on Feb 6th. It's open to the public but requires registration:
https://gceps.princeton.edu/booktalk-lynalden/
Would love to make it but can't.
In light of Powel's recent remarks on price instability hurting people in poverty the most and suggesting that, THAT is a concern of the fed. It would be amazing if you addressed how Fed policy HAS effected people in poverty. Especially because there will be an ex central bank member there.
Truly appreciate the integrity you bring to the table.
Fair Enough Pete, fair enough.
How about getting Andreas Antonopoulos on the show for an overall what he thinks about everything that's been going on in Bitcoin and what he's been focusing on. I miss that man so much!
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
Pete In light of your recent podcasts exploring into Ordinals a bit I would really love if you had Eric Wall back on again.
I started following Eric after you had him on WBD last year and he seems to be a fairly unique character with both high technical and high social awareness.
He seems a bit sensitive and defensive having a bit of a complicated relationship with the Bitcoin cool kids social circles.
But I would say he's a guest that has some of the most informationally diverse content and challenging view points.
He's also a guest that seems like he is quite a challenge for you to interview because I believe he brings up good points that can be hard to reckon with.
HVAC technicians, and when I say that I mean people trained who understand it as a craft in which the design of the system is as integral as the installation.