6min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#47: David Hay On Balancing Risk Management With Timely Opportunism

Superinvestors and the Art of Worldly Wisdom

CHAPTER

How Central Banks Created the Next Financial Crisis

Tether is a virtual bank that lends money to Bitcoin users. Tether has already been fined $18 million by the New York Attorney General's office and banned from doing business in NY. The biggest flaw, according to Grant: "The flashpoint for tether is it's, I mean it's one thing it's had an explosive increase"

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