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HIS DISMISSIVENESS of the FTX debacle is A BIG RED FLAG - in my view.
FTX was about HOW BLIND, NOT TO MENTION NAIVE, investors can be.
You'd "expect" investors to do DUE DILIGENCE when it comes to investing
their money.
THE MESSAGE TO INVESTORS BY THE INVESTMENT SECTOR is this:
YOU CAN TRUST US WITH YOUR MONEY; WE'LL SEE TO IT YOU GET
THE BEST RETURN POSSIBLE.
And so "this hypnotic refrain" goes.
Well, APPARENTLY NOT!
And, that, my friend, is what FTX is about: "SERIOUSLY ABUSING" THE
TRUST OF "GULLIBLE" INVESTORS.
It comes down to BEING TRUSTWORTHY.
Can you TRUST those in Gov't?
NO!
Can you TRUST those in the investment sector?
APPARENTLY, NOT! (Ha! Ha!)
The FTX debacle makes that point - SPECTACULARLY! :D
Ken, Toronto, CANADA