What We Can All Learn From the FTX Collapseby@tradingboston

What We Can All Learn From the FTX Collapse

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The collapse of the second-largest crypto exchange sent shockwaves through crypto markets and stock markets. Sam Bankman-Fried (SBF) has bankrupted his two companies, with investors losing up to $10 billion. SBF was once called "the second Warren Buffett" but we now know that's a lie. Buffett started investing at age 10 and became a billionaire when he was 55. Buffett has been acing the markets for more than sixty years. Investors should aim to hold a portfolio of 20-40 different investments across various non-linked industries; either managed by themselves or with the aid of a financial professional.

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