FTX Saga: Social Responsibility of Reputable “Sophisticated Investors”
They implicitly lend their credibility in your investments
I’ve written an article just yesterday talking about the FTX saga and the one thing that we can learn from it. In summary, it is just saying that the last, almost vertical, run up from March 2020 was a euphoric run that ends the bull market and the downfall we have seen was just the first leg of the crash. The recent recovery is a “denial” corrective up-move.