I don’t have clients, so I don’t need to be licensed. But if I were, I might not be able to share the ideas that challenge conventional wisdom.

Here are a few of my controversial beliefs:
💡 To make money, you have to outperform the S&P.
Watching your portfolio’s value rise isn’t the same as creating wealth.
📈 Overall portfolio performance is what matters.
A great investment is one you hold. An underperformer? You sell it.
🧭 Risk isn’t one-size-fits-all.
Short-term volatility doesn’t equal long-term risk. A price wiggle today doesn’t matter 25 years from now—though modern portfolio theory says otherwise.
💰 Diversification has a cost.
Cash and bonds lag the S&P by 7–9% annually. And after fees, few investments of any kind beat the S&P.
⭐ Stars Model results:
Over the past 14 years, the Stars buy-and-hold strategy has outperformed the S&P by 19 percentage points per year.

When opportunity cost runs 19–24% annually, the lesson is simple:
Always stay 100% invested.

Drawdowns aren’t losses—they’re opportunities to buy more of what works, at a discount.