Rob Luna

When I made those opinions though,

My clients are like, is that consistent with the things that you're doing for us?

So there was always hundreds of millions of dollars that had to be accessed and put to work through my opinions.

I don't have the luxury of 300 year bets because my clients don't live to 300.

Right.

And so if I sit here and say Bitcoin is great, guys, and in the end of 2024, when I was on your show a year ago and say, hey, go all into Bitcoin.

And you just lost 18% this year while small cap stocks skyrocketed, nuclear stocks skyrocketed, some of these, we talked about some of these psychedelic stocks skyrocketed.

If we missed out on all of that because I was so in on this one strategy, I would have gotten fired, right?

And so what we have to do is be aware of the risks.

And I started as a risk analyst, so I always look at what could go wrong first, right?

We have to be aware of the risks with BRICS and all these different things.

But the question is,

in putting our money to work, are we willing to take a bet on that, that collapsing and those things?

And I would say as of right now, no, that's not where I want to put my money.

I came in the market as a professional in 1998 and I was hearing the dollar's going to collapse, all this, all valid arguments, right?

Why this guy was pretty much a hundred percent in T-bills and like he did have some gold, but very little in the stock market, very little in private equity.

And what happened during that period of time?

S&P hit.

The thing about the S&P, which is, I say S&P, it's the US.

It's the largest barometer of the US economy, the largest 500 companies here.