There is nothing truly risk free. Even buying a treasury technically has some risk to it. And so if you are providing funding to someone and they are paying you a relatively high rate for that, the only way economically they are able to pull that off is because they're able to do something that earns more money with those dollars or with that crypto. You have to question at a certain point the sustainability of that model and whether they can really continue to do it for years and years and years. Very few people have been able to.
The Dow closes out a strong (relative to other indices) month, and we take a closer look at the collapse of FTX.
(0:21) Jim Gillies discusses: - Why the Dow Jones Industrial Average is "the dumbest index" - Where investors can find ballast for their portfolios
(15:12) What actually happened with the collapse of FTX? Dylan Lewis and Ricky Mulvey take a closer look at that, as well as some key takeaways for investors.
Stocks mentioned: SHOP, AAPL, KO, MSFT, COIN, HOOD, MSTR
Host: Chris Hill Guests: Jim Gillies, Dylan Lewis Producer: Ricky Mulvey Engineer: Dan Boyd
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