Six winning assets: @Bitcoin , #energyinfrastructure, #chip ownership, #data hub land, #skilled trading, and #human verification systems, follow a heavy-tailed power law distribution where physical scarcity cannot be printed. This implies infinite variance for the scarcity premium, so classical mean-variance models like Markowitz underestimate tail risk. Spectral risk measures like CVaR should be used. The Sharpe ratio is structurally biased upward by liquidity and verification premiums.