Having all your eggs in one basket might make you rich—until it doesn't. This week, we’ll dive into the risks of concentrated investing. You know, Warren Buffett's strategy of focusing investments on big bets is legendary, yet he also champions diversification for the average investor. Why the mixed advice? Because while concentrated investing can yield big rewards, it also carries significant risks. Learn how to balance your portfolio, manage risk, and understand when to hedge or diversify y...
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Having all your eggs in one basket might make you rich—until it doesn't. This week, we’ll dive into the risks of concentrated investing. You know, Warren Buffett's strategy of focusing investments on big bets is legendary, yet he also champions diversification for the average investor. Why the mixed advice? Because while concentrated investing can yield big rewards, it also carries significant risks. Learn how to balance your portfolio, manage risk, and understand when to hedge or diversify y...
How to Avoid the Temptation to Show the World that You’ve Made It
Gen One Legacy
12 minutes
1 year ago
How to Avoid the Temptation to Show the World that You’ve Made It
Have you ever felt the urge to splurge after a financial windfall? Maybe it was after landing a six-figure job or when your startup went public. This week, we explore the temptation to showcase your success, drawing parallels with stories like Mike Tyson's. Despite earning over $400 million, Tyson's extravagant spending led to bankruptcy. As a first-gen high earner, it's easy to want to prove you've "made it," but remember that overspending now can derail your long-term goals. We'll discuss t...
Gen One Legacy
Having all your eggs in one basket might make you rich—until it doesn't. This week, we’ll dive into the risks of concentrated investing. You know, Warren Buffett's strategy of focusing investments on big bets is legendary, yet he also champions diversification for the average investor. Why the mixed advice? Because while concentrated investing can yield big rewards, it also carries significant risks. Learn how to balance your portfolio, manage risk, and understand when to hedge or diversify y...
