A stock broker once got a family member with 300m Naira investment in the Nigerian stock market to back him to start an asset management company to manage his assets and others. The crash happened shortly after. What saved my relative was the limestone quarry he owned. Daily cash

Investments are meant to preserve and grow earnings. Earning from investments is an aggregate function. You can only earn sensibly from investments when you have a large enough asset base. Assets are also built from earnings. It is not chicken or egg, earnings come before assets.

My relative didn't suffer from the cash because he made cash from his other assets like the quarry daily. He could buy the quarry because he had a construction goods store while I was growing up. He started from a single store in Benin opposite my grandfather’s house.

He learned from that humble beginning the importance of cash flow. He doesn't have a university degree but I respect him more than those with MBA or PhDs. His construction company built many roads around Nigeria. His properties also provide rent more than people can imagine.

The real world is not 2D and it is filled with risk. A man who can lose 300m without blinking is not someone I will go tell that he is better off having assets as Bitcoin. I should shut up and be learning from him.