Dollar Milkshake Theory & Specialization

We didnt come up with the dollar milkshake theory but it has played out surprisingly well. Brent Johnson of Santiago Capital came up with the theory before the pandemic. It predicts a massive run-up in the dollar and capital flows into the U.S. as other countries are forced to print currency to get dollars to get the things they need. Nate then discusses the question on whether or not its better to be a specialist or a jack of all trades to build wealth. We hope you enjoy the episode.