Solana: The Big Crypto Bet ft. Raoul Pal & Joe McCann
Real Vision: Finance & Investing
The Importance of Knowing Counterparty Exposure
Understanding counterparty exposure is crucial in financial dealings. The speaker recounts an incident involving Long Term Capital where a centralized CFI system was based on one borrower, leading to significant risks. Through a conversation during a stag weekend, it was revealed that the exposure to Long Term Capital was much larger than anticipated, raising concerns. This highlights the importance of being aware of counterparty risks and taking proactive steps to mitigate them.
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