Mark Matson
👤 SpeakerAppearances Over Time
Podcast Appearances
They might have some REITs.
They might have some Bitcoin.
And so one year, this asset looks good.
Oh, that stock's high.
I'll buy that one.
Oh, Bitcoin's high.
Let's buy Bitcoin.
Oh, gold.
Peter Schiff told me gold's never going to go down.
I'm going to buy that.
So they end up putting all this garbage into their portfolio.
No one seriously analyzes the risk return, the standard deviation, the volatility of the portfolio.
So they're doing all of it.
They're stock picking themselves.
They're hiring advisors.
They're getting a Morningstar and they're buying five-star mutual funds.
They're gambling with Bitcoin and crypto.
They're doing commodities.
So I was in an interview with Dr. Fama, Nobel Prize winner, and I said, what do you think about all this technology?
And he said, well, I think you can lose your money faster than ever before.