Kevin O’Leary on Investing in Alternative Assets
In this episode of The Pomp Podcast, Anthony "Pomp" Pompliano interviews Kevin O'Leary, a Canadian businessman, author, politician, and television personality. They discuss the economic impact of the pandemic, the PPP loan program, the current state of personal finance in North America, and alternative assets, including wine, watches, and Bitcoin.
00:00 - Intro
00:14 - Kevin's background
01:24 - PPP Loans and the state of the economy
04:06 - How the virus affected online business
05:52 - Personal finance problems and solutions
09:07 - Saving vs Investing
10:52 - Kevin's thoughts on side hustles
13:07 - Investing in wine
17:22 - Getting institutions to invest in psychedelics
21:54 - How to make money in the wine business
24:37 - Investing in watches
30:23 - Bitcoin
36:11 - Should Kevin invest in Bitcoin?
39:08 - The need for a BTC ETF
41:40 - How Kevin thinks about portfolio construction
46:35 - Aliens
The conversation was published on December 1, 2020.