4 ms·
Galloway says he bought $1mn claim for $270k. That's a nice ~4.5x profit.
by ignoramous 2y ago
Galloway says he bought $1mn claim for $270k. That's a nice ~4.5x profit.
- fsckboy 2y agolooking at individual investments is fallacious, need to look always at your entire portfolio (i.e. not just winning lottery tickets)
- arder 2y agoWhile that's true, if you have a good understanding of bankruptcy law, and a reasonable understanding of what assets FTX owned you could make a reasonable guess of how much money the eventual bankruptcy would pay out. Since the administrators publicly published what assets there were quite early on I think it's fair to say $270k always looked like a good deal.