17min chapter

The LRB Podcast cover image

The Giant Crypto Fraud

The LRB Podcast

CHAPTER

Exploring the Concept of Underlying Assets in Investments

This chapter delves into the importance of considering the underlying real-world asset when investing. It discusses the Enron scandal, 'The Big Short' financial crash, and the Theranos scandal as examples. The chapter also touches on the disconnect between speculative investments and underlying value in cryptocurrency.

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