Thoughtful and Aggressive Principles for Investing

It may seem crazy, but I stopped saving for retirement, and started investing for maximum capital accumulation. This has led me to construct an unorthodox investment portfolio based on a set of principles, convictions about specific assets, and beliefs about the investment environment of the 2020s. My thoughts on how the investment landscape will evolve over the next decade are in constant flux. I am always searching for new ideas, narratives, and opportunities to further increase my returns.

My portfolio is not your traditional 60/40 stocks and bonds portfolio. Over the past 2 years, I have dramatically reduced my position size in index fund ETFs, and increased my allocation to individual assets. As of today’s writing, approximately two-thirds of my portfolio is invested in just 4 assets: Bitcoin, Tesla, Square, and Ether. The remaining third is split roughly equally between cash and index fund ETFs. These are some of the principles that led to my unorthodox portfolio construction.

Conviction > Diversification

“Diversification may preserve wealth, but concentration builds it.” — Warren Buffett

No one ever became wealthy buying index funds. Most billionaires achieved their wealth through a single company. Jeff Bezos, Bill Gates, and Mark Zuckerberg made their…