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RE: Day Has Only 24 Hours, Use Them Wisely .:. #MyHiveGoals 2024

in LeoFinance8 months ago

I think we are thinking alike. Time management is something I want to look at this year as I feel I could improve my usage of time immensely. I do love to spend time researching different crypto projects too. It is impressive the influencers who manage to make a video per day, I dont know how they manage it tbh! On the other hand, if we spread ourselves too thin and research many projects, we might not get deep enough on good projects that we can consolidate on and make money. I remember the good advice I saw today:

"there is no example of great wealth being 'created' through diversification, great wealth is created by massive consolidated bets, investments, Private Equity being the best example.....once you are very wealthy, diversification comes in to protect the assets from over exposure on one bet."

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Firstly, thank you for the music bonus! I'm listening to it while I type the reply... :)

Secondly, that quote looks like one of those big financial OGs, Warren Buffet, or some of his buddies... But, it is true, you allocate the most in 1-2 assets, and the rest is just "tryouts"... and not a lot of that "rest"... I had a lot of cryptos in 2018, and most of them vanished... I would be in a much better position if I was HODLing only BTC and ETH... I wanted to be a "smartass" who knows better than others or those filthy BTC maxis... :)

and regarding those "popular" YouTubers... I take them as a starting point for research... and only as that... As there is no way that they KNOW more than 5-10% about what they are talking about... Or, they are paid to shill... which is very often the case that we are not aware of.