The Holy Grail of Investing
Tony Robbins’ latest book, The Holy Grail of Investing , written with Christopher Zook, is a strong sales pitch for investors to move into alternative investments such as private equity, private credit, and venture capital. I decided to give it a chance to challenge my current plans to stay out of alternative investments. The book has some interesting parts, mainly the interviews with several alternative investment managers, but it didn't change my mind. The book begins with the usual disclaimers about not being intended “to serve as the basis for any financial decision” and not being a substitute for expert legal and accounting advice. However, it also has a disclosure: “Tony Robbins is a minority passive shareholder of CAZ Investments, an SEC registered investment advisor (RIA). Mr. Robbins does not have an active role in the company. However, as shareholder, Mr. Robbins and Mr. Zook have a financial incentive to promote and direct business to CAZ Investm...