The Right Way to Diversify
Peter transitions into mistake number three: failing to diversify. He’s seen it countless times—doctors fall in love with a certain asset class (stocks, real estate, startups) and go all in. The problem? If that one investment crashes, you’re left exposed.
Diversification isn’t just having “different” investments—it’s about managing risk across timelines, asset types, and even sponsors. A strong portfolio should still bring in income whether the market is up or down.
Peter shares that building wealth is about steady returns over time, not hitting a home run on one risky deal. By spreading out your investments and learning from multiple sources, you increase your chances of long-term success.
So before going all in on that shiny new deal, take a step back. Is your portfolio balanced? Are you overexposed to one strategy or person?
