WCI #263: Investing in Crypto-Assets with Hedge Fund Manager, Jeff Ross MD, MBA

May 19, 2022

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ADVICE

Align Fees: No Management Fee, Only Performance

Avoid traditional '2 and 20' fees; charge only performance fees so the manager earns only when clients do.
Structure fees so you sleep better and align incentives with clients via high-water marks.

ADVICE

Limit Altcoin Bets; Treat Bitcoin As Savings

Treat altcoins as speculation or venture capital and limit exposure to 1–2% of net worth if you participate.
Treat Bitcoin as savings; consider higher allocations if comfortable with volatility and use cold storage off exchanges.

INSIGHT

Redefining Risk: Purchasing Power Over Volatility

Ross reframes 'risk' as loss of purchasing power, not volatility, arguing Bitcoin reduces long-term purchasing-power risk.
Bitcoin's known monetary policy (21M cap) removes many traditional unknowns of money supply.

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In this episode Dr. Dahle interviews a pretty unusual guest for WCI. Readers and listeners have emailed requesting that we get him on the podcast and we thought it would be an interesting conversation. Our guest is Jeffrey W. Ross MD, MBA. He is the founder of Vailshire Capital Management and Vailshire Partners hedge fund. He was a speaker at the Bitcoin 2022 Conference, and he is a board-certified radiologist. He's an interventional radiologist fellowship-trained, and just retired last year in 2021. He has contributed to the Motley Fool as well as Seeking Alpha. We talk all about Bitcoin and Crypto currency and why it is or is not a viable form of currency and if it is something we should buy into - or not. We know this is a controversial topic with the WCI audience so we hope you find this conversation interesting! https://www.whitecoatinvestor.com/investing-in-crypto-assets-with-hedge-fund-manager-jeff-ross-md-mba

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