MI Rewind: Studying Billionaires & Portfolio Allocation w/ Trey Lockerbie

This Millennial Investing podcast episode features an interview with Trey Lockerbie, CEO of Better Booch and co-host of "We Study Billionaires." The conversation covers Trey's evolving investment strategy, shifting from quantitative analysis to a diversified portfolio including indexes, individual stocks (primarily in food and beverage), and Bitcoin as a store of value. He discusses his approach to opportunity cost, aiming for a 15% yield on a concentrated portfolio of high-conviction bets, and shares his successful UNFI investment as an example. Listeners gain insights into portfolio diversification, asset allocation strategies, and the importance of understanding one's circle of competence before investing.