The sequence that creates wealth then protects it
Concentration builds the asset, diversification protects it. Most people reverse the order and wonder why nothing compounds. I like how you broke down the different professions; that's exactly how they do it.
Appreciate the kind words, Terrence.
It's not to say you can't build wealth by diversifying on day one. It's just not the most efficient way in my experience.
Concentration builds the asset, diversification protects it. Most people reverse the order and wonder why nothing compounds. I like how you broke down the different professions; that's exactly how they do it.
Appreciate the kind words, Terrence.
It's not to say you can't build wealth by diversifying on day one. It's just not the most efficient way in my experience.