Tom Bilyeu

People think, obviously, bro, I'm going to buy low and sell high.

No, you're not, motherfucker.

By the numbers, you're going to buy high and sell low.

That's why that had to be said out loud.

So what they're saying is when everyone else is panicking, you buy.

And then when everybody else thinks number go up forever, you sell.

But nobody can do that because the future is too unknowable.

And you have these really strong emotions that tell you, oh, shit, this time it's different.

The number is gonna stay down forever.

And so I've just gotta like cut my losses.

And you probably bought in when you thought number's gonna go up forever.

So I don't have to worry about eating in a month because I'm gonna be 10 times richer than I am today.

No, you are not.

Something is going to change.

You are going to be surprised in some way.

This is why I get it.

I'm sure I'm part of the meme about Michael Saylor and the like, how many chairs are you sitting on right now, Tom?

But the reality is that when taken across a lifetime, making one concentrated bet is the surest way to get rich and the surest way to go broke.

And spreading your exposure across a whole bunch of uncorrelated assets is the surest way to be okay.

And it's like, I'll take the OK.