Thread by @TihoBrkan

1/ Skin in the game?

Financial industry talks their head off about stocks, bonds, gold, small caps tech, growth stocks...

...but after you ask them what’s their biggest net worth allocation, 99% of them tell you it’s their house & private business selling you research.

2/ They all claim they eat their own cooking but really... their portfolio looks like this:

60-70% real estate (home) which isn’t even producing cashflow because they live there

20-30% private equity (partner / owner of a small business)

0-10% index funds, cash, etc

3/ So where is the skin in the game? Where is your risk? If you’re so sure about the stock market doing well next few years, or to the contrary, emerging markets collapsing — why don’t you sell your house and bet on it?

After all, you’re selling me your ideas.

4/ If your research & ideas had any merit and we’re going to help anyone grow their wealth rapidly — you wouldn’t be selling them for $249 annually or for $59 monthly.

You wouldn’t tell anyone a thing. You’d mortgage your home & bet a ranch on that trade. And you’d clean up!

5/ You got people writing about being bond bulls while others about bond bears?

You know how much risk they got in the bond market, regardless of the outcome?

I think less than 1% of their net worth.

6/ Meanwhile, these same people are building subscription & consultation based businesses (thats private equity, folks) and selling me & you shit they don’t even do with their own money.

If you’re so so bullish on gold, as you claim, why is your exposure telling us otherwise?

7/ I don’t own a home, so that’s not my largest holding. I bet on investments & trades. Out my money where my mouth is.

I never recommended any client a thing without me first risking solid amount of my net worth on it. If I got it wrong, boy would it hurt me...

8/ If the deal is good, I got a large position. I got no job & no salary. I’m not interested in losing & clients who co-invest alongside me know that.

If the deal is really good, I mean really good, I won’t share it on social media. Heck, I won’t even share it with my clients.

9/ Those top deals, the ones I find roaming the world, that have a huge margin of safety — those are life changing capital gains.

For me, that’s the real research which I bet (my) farm on & hopefully clean up.

That’s how I become financially independent. #skininthegame

10/ Some folks who work in the financial industry won’t like this post.

Some didn’t like similar posts before & unfollowed me. I’m not here for the fame. Like it or not, we all know it’s the #truth.

These kind of posts are least liked & retweet — but have most wisdom & honesty.