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

I met with David Swenson he took one billion turn into 24 billion in two decades in 20 years

just a billion a year right think about that bubble doubling it's just mind

boggling and I asked them I said what what are the 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 have better asset better 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 grows slower but it'll always be there and will give you freedom for

the rest of your life there's a growth bucket which is also a risk bucket we forget

that yeah because one of the great value taught me 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,

because anybody can't when real estate's going up.

You think you're a genius.

You think you're a genius.

Oh, you're a genius, you know, in 1999, right? You're a genius you know in 1999 right your genius in 2010

when things started no that he said whatever you invest in in your lifetime that

area is going to drop 50 to 70 percent.

There is zero exception to show you mathematically and he can show you historically.

So he said you have to diversify even though you don't want to and you have to divide these monies up.

So every one of them taught me different asset

allocations, but the one that I think is the most valuable for anybody to really

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