Why Raoul Pal Refuses to Diversify His Portfolio
https://www.youtube.com/watch?v=ot7Ag62RJeA
Language: en | ASR: large-v3-turbo @ 0a363e9161cbc7ed1431c9597a8ceaf0c4f78fcf

[00:00:00.000 --> 00:00:04.460] Speaker 1: I'm trying to express a simple thesis that technology and crypto outperform the debasement
[00:00:04.460 --> 00:00:10.100] Speaker 1: of currency and that we're in secular uptrends due to adoption. That's my thesis. Also,
[00:00:10.320 --> 00:00:14.720] Speaker 1: that because of their rates of return are so high versus other assets, it's not worth me
[00:00:14.720 --> 00:00:19.120] Speaker 1: allocating capital elsewhere. Other people may not do that. Why can I do that? Because I
[00:00:19.120 --> 00:00:23.580] Speaker 1: have an income and I have savings and I have my quality of life, like you can't take my
[00:00:23.580 --> 00:00:28.300] Speaker 1: houses away or whatever it is. So I have a position of strength of which to have volatility
[00:00:28.300 --> 00:00:33.020] Speaker 1: to drive excess returns over time and I have an income that I don't rely on that pool of
[00:00:33.020 --> 00:00:36.740] Speaker 1: capital because it's volatile. So that's a perfect setup. Everyone has a different setup.
[00:00:36.800 --> 00:00:42.060] Speaker 1: And so you have to think what's suitable for you in that setup. For me, I concentrate
[00:00:42.060 --> 00:00:43.420] Speaker 1: because I have an investment thesis.