The Pomp Podcast
#432: Michael Weisz on Investing in Alternative Assets
- Michael Weisz's entrepreneurial background spans real estate, specialty finance, and legal finance before co-founding YieldStreet in 2016 to democratize alternative asset access.
- Alternative assets are shifting from institutional-only investments to mainstream portfolios as retail investors seek yield in a low-rate environment and diversification beyond stocks and bonds.
- Regulatory hurdles like accredited investor requirements create barriers to retail participation, though recent changes (December 8 accredited investor definition expansion, Reg A+, general solicitation allowance) show progress.
- YieldStreet's competitive edge combines rigorous asset quality oversight with robust technology, positioning it as a category creator in digitally native wealth management.
- The platform focuses on lower-correlation, income-generating opportunities—credit, structured products, distressed assets—avoiding speculative bets like cryptocurrency or collectibles.
- COVID-19 forced introspection on priorities and authentic living; both Weisz and Pompliano emphasize personal responsibility, relationships, and mortality awareness as drivers of clarity and resilience.