You want to know the secret to making money in markets? Don’t be the gambler. Be the guy who owns the casino. Better yet, be the guy who sells water systems to the casino so the toilets keep flushing while fortunes are won and lost upstairs.
You know this. I know this. The only people who don’t know this are those still sitting at the table, convinced this time will be different.
It won’t be different. It’s never different. The house always wins.
Charlie Garcia is founder and a managing partner of R360, a peer-to-peer organization for individuals and families with a net worth of $100 million or more. He holds positions in gold, bitcoin and Circle.
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-Charlie Garcia
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