Tony Robbins discusses asset allocation benchmarks among ultra-wealthy investors.
Assertion Supported
Average private equity returns beat every global stock market over 35 years
“In the last 35 years, every stock market in the world has produced a smaller return than private equity, average private equity at that same time.”
Assertion Partly supported
Private equity produces more billionaires than the tech or real estate industries
“What's the largest number of billionaires? And most people think it's tech and it's not. And then they think it's real estate and it's not, it's financial services, but it's not hedge funds and it's not VC funds, some VC funds, but not most, very small. It's p…”
Assertion Not checkable as stated
Tony Robbins holds 111 companies generating over $7 billion in revenue
“So today, you know, now I have a 111 companies. We do over a seven billion dollars in business across radically different industries.”
Assertion Contradicted
Elite athletes experience a testosterone surge and cortisol drop under high pressure
“And they discovered there's a biochemistry of what they call championship biochemistry. It's where these people like Tom Brady's down by 10 points, and it's the fourth quarter of the Super Bowl, and he comes back the way to me. How? He has this huge surge of t…”
Assertion Partly supported
Richard Branson negotiated a zero-downside jet return deal with Boeing
“So he negotiated for a year with Boeing. Till he finally got them to agree that he'd buy all these jets. But a year from now, if he was not able to be profitable in business or stay in the business, he could return all the jets with no credit loss, no cost to …”
Insight
Holding 8 to 12 uncorrelated investments reduces portfolio risk by 80%
“If you can find eight to 12 uncorrelated investments, he said, you can reduce your risk by 80% and make a slight increase in your upside.”