4 ms·
looking at individual investments is fallacious, need to look always at your entire portfolio (i.e. not just winning lottery tickets)
by fsckboy 2y ago
looking 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.