Archive: bankruptcy
FTX and the Crypto Regulations Still to Come
By Vin Narayanan on November 21, 2022
It’s been a crazy couple of weeks in the crypto market as it tries to sort through the fallout of crypto exchange FTX filing for bankruptcy. For a more detailed account of how it happened, please read this update I wrote for Early Investing members. Today, I’m focusing on how large-cap crypto investors should approach investing in the wake of the FTX mess,…
Crypto Markets Spiral on FTX’s Bankruptcy News
By Vin Narayanan on November 16, 2022
Someday, there will be a Netflix documentary about Sam Bankman-Fried. SBF — as he’s known in crypto circles — was worth more than $14 billion about 10 days ago. Today, the founder and former CEO of popular crypto exchange FTX is bankrupt. SBF’s stunning fall from grace is…
How to Take a Value Investing Approach to Crypto
By Vin Narayanan on October 14, 2022
This week’s inflation news was not good. Inflation, unsurprisingly, has risen faster than expected despite the Fed’s aggressive rate hikes. The Consumer Price Index (CPI) is up 0.4% from last month, and the core CPI (which excludes highly volatile food and…
Investors Should Avoid Getting Hertz
By Andy Gordon on June 17, 2020
Hertz is the latest example of baffling investor behavior. On May 22nd (the Friday leading into Memorial Day weekend), bankruptcy rumors caused the car-rental company’s stock to drop 7.5%. The rumors turned out to be true. Hertz officially filed for bankruptcy that night. And by the…