“People’s lives are a direct reflection of the expectations of their peer group. If your peer
group doesn’t expect much, it’s just a matter of time before you lower your expectations of
yourself.” This statement by Tony Robbins crossed my mind more than 10 years ago and I
have been playing with the idea on joining a high-performance peer group for quite some
time. In January I finally made the decision to join the Tony Robbins Platinum Partnership.
We had our first meeting in Sun Valley, Idaho, in the US, and it was primarily dedicated to
financial topics. This also included discussions on technology trends as they have a
substantial impact on the economy in the future. In typical Tony Robbins style, the program
was challenging, with skiing or snowboarding in the morning and presentations throughout
the afternoon and evening. We rarely finished before 1 am in the morning.
I was totally blown away by the desire of everyone in the group to share their experiences
and support each other. There were over 450 people from 67 countries, with Tony Robbins
leading us through each day. Finance is a spiritual game, and wealth is not just about money
but also about achievement and fulfillment. We had over 20 speakers presenting to us,
including financial heavyweights such as Ray Dalio, Paul Tudor Jones, Jamie Dimon (CEO of JP
Morgan Chase), and Steve Forbes. They all shared their concerns about inflation and the
incredible US national debt of $31.34 trillion, which has more than tripled in the last 20
years. Although this is well-known, with elections in the US coming up soon, nobody wants
to deliver the bad news and its consequences.
With high inflation primarily driven by the pandemic and the war in Ukraine, a recession
seems to be on the horizon. Therefore, the main question raised was how to prepare for it.
While there does not seem to be a silver bullet, asset allocation is certainly key. Ideally, one
would select assets with an asymmetric risk-reward ratio. In addition, the assets should be as
uncorrelated as possible to prevent a downturn in one area (such as the stock market) from
impacting all other assets in the portfolio.
In addition to finance, we talked about the potential of AI and its impact on every area of our
lives. The rate of progress and adoption in AI is exponential. For instance, ChatGPT hit 1
million users in the first 5 days and 100 million users in 2 months. Finally, we discussed
longevity trends. The investment in this market reached $5.2 billion in 2022, and we are
seeing breakthroughs in diagnostics as well as therapy.
The Platinum Partnership also offers a multitude of masterminds, whether it is joint
“priming” for the day, an exchange of investment ideas, or jointly exploring how we can use
AI in our businesses. I am proud to be part of this community that will help me raise my
standards and ultimately improve the quality of my life!
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