Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

I met with David Swenson. He took $1 billion, turned into $24 billion in two decades and 20 years.

Just mind-boggling, a billion a year, right? Just think about that double doubling. It's just mind-boggling.

And I asked him, I said, what are the

dials? What are the only dials we can touch?

And he said, Tony, to increase your return,

there's only few things you can do.

He said, you can make better selections of

stocks. He said, you can have better timing.

He said, and you can have better asset

allocation. He said, the you're going to have better asset allocation. He said the first two will never happen because the first two cost you money.

Got to hire somebody.

Everybody's wrong in the timing.

He said asset allocation, which simply means dividing your money into different buckets.

Some of those buckets are secure so that even though you think you're going to be a genius,

you're going to make money no matter what, that money goes slower, but it'll always be there

and it'll give you freedom for the

rest of your life. There's a growth bucket, which is also a risk bucket. We forget that.

Because one of the things Ray Dalio taught me, he said, Tony, everybody invests in what they think

they know. You grew up with real estate. You're not a genius, but you made money in real estate

as anybody can when real estate's going up. Yeah you think you're genius you think you know stocks oh you're a genius you know in 1999 right you're genius in 2010 that thing started to grow

that he said whatever you invest in in your lifetime that area is going to drop 50 to 70 percent

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