I returned from a quick trip to London on the day of Thanksgiving, thus missing the bonhomie of the weekend. While I did miss the slices of pie, it was good to spend the time watching The Silence of Water on PBS Masterpiece (via Amazon Prime.) The Italian crime show is beautiful in location, cinematography, and acting. … Continue reading What’s Worth Reading: Thanksgiving Weekend Edition
FTX
How FTX built a house of cards
A few months ago, news broke of an insider trading ring at Coinbase, one of the many crypto exchanges hoping to make the world of magical Internet money easy for normals. SEC and other authorities acted swiftly and nailed down the perpetrators; their ill-gotten gains were around million-and-a-half dollars. The accused awaits sentencing. The swift action, … Continue reading How FTX built a house of cards
Ever since the FTX story broke, I have had two recurring thought. This company reminds me of Enron, the energy company that wanted to make markets in everything — especially in gullibility. I wrote about their remarkable similarities in my piece for The Spectator, which is a news outlet where I have recently become a … Continue reading In Good Times, FOMO beats Diligence