AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
The Crypto Blow-Up (EP.283)
Animal Spirits Podcast
The Risk Equivalent of a Junk Bond
In defense of ourselves, I would say that why do we have zach on? I don't know five times six times something like that But he was a sane voice in a sea of maniacs. We had asked him in terms of like the yield product What are the risks involved? And I think that we described it as the risk equivalent of a junk bond Obviously, we didn't take it far enough because this in hindsight turned out to be Way way way riskier thanBecause junk bond junk bond compared to the stock market is kind of like crypto is like the stock market on meth So junk bond times a thousand basically that's definitely on me for making that comparison.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode