Tony Robbins praises private equity in his search for ‘The Holy Grail of Investing’

investmentnews.com:

Shove over Indiana Jones, Tony Robbins is on a hunt for a holy grail, too.

The only difference between the two is that Robbins’ quest wends through the pillars of private equity instead of the treacherous jungle and desert terrains Jones tends to traverse. That, and the fact that Robbins seeks eternal wealth (or at least generational wealth) on his expedition, while Jones pursues immortality (or at least another blockbuster sequel) on his adventures.

For his latest book, The Holy Grail of Investing, the financial author and business coach sat down with more than a dozen giants from the world of private equity to find out how they overcame the perils of Wall Street to amass their billions. Not that Robbins doesn’t appreciate the public markets and the ability to profit from good old stocks and bonds, mind you. But to unearth the holy grail of true wealth, he believes investors need to search those private places where at one time only accredited investors were allowed to tread.

“These are firms that are valued at $20 billion to $100 billion and they’ve consistently returned 20 percent, some of them 30 percent, compounded for decades,” said Robbins. “I wanted to bring that to the general population because there are some new rules that are being passed that will make these opportunities available to the general population, and they’ve never been available before.”

Robbins says the idea for the book stemmed from a conversation he had with famed hedge fund manager Ray Dalio, who told him the key to increasing his upside was establishing a solid core of uncorrelated, highly diversified investments.

“It’s hard to do that looking just at the general open markets. So you’ve got to go to some of the private investments to do