Takeaways: 

• Why it's not so much that Eric is a believer in alternative assets, but that he believes in a diversification of investment portfolios. 
• That illiquidity of alternative assets is a feature, not a bug. 
• The legal challenges of getting Alto started took longer than the anticipated technical challenges of simplifying the workflow processes of alternative investments.
• The 'greater fool' theory in investments.
• How public markets are no longer being driven by the fundamentals of investing and operating.
• Alto's three levels of operation: a software business which owns a trust company and also owns a securities company.
• 'Historically good returns' in alternative investments = returns that exceed public market returns.
• Bitcoin, like money, is an invention based on faith.
• What comprises 'luck' in business: hard work, opportunity, and a third vector: remaining open to what's happening in the market.
• The cost - and there is one - to entrepreneurship.