4min chapter

The Prof G Pod with Scott Galloway cover image

Prof G Markets: Paying for Crypto’s Sins — with Mike Novogratz

The Prof G Pod with Scott Galloway

CHAPTER

The Importance of Being a Sociopath

I remember, at one point, actually thinking he's so involved in everything and the entire asset class seems to be imploding. It just feels like there were red flags the size of Kansas everywhere. Luna was a painful one in that you learn lessons about how immature the market is. We bought Luna at 23 cents or something What did it peak at? $130. About 650 X. All within 18 months. Like I've never seen an investment like that. And so for me, it's a very different investment at 50 than it was at 10. No one ever pays back what they put out; we certainly lost some money on Luna in 2022.

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