FTX Collapse: Lessons for Investors
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 30 November 2022
⏱️ 29 minutes
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| 0:00.0 | Okay, it's time to talk about crypto. |
| 0:08.1 | Motley full money starts now. |
| 0:12.6 | I'm Chris Hill joining me today, Motley Full Senior Analyst Jim Gilles. |
| 0:24.4 | Thanks for being here. |
| 0:26.3 | Thanks for inviting me. |
| 0:28.0 | So before we get to the collapse of FTX, today is the last day of November. |
| 0:34.3 | The Dow Jones industrial average is on pace to finish up 3% for the month, which is not |
| 0:40.1 | a lot, but that's, you know, if we can do that every month, that'd be pretty great. |
| 0:47.1 | And barring a collapse, the Dow is going to finish well ahead of the S&P 500 for the |
| 0:52.6 | year and even further ahead of the NASDAQ, which Jim is leading some of the people in |
| 1:01.9 | financial media to pound the table. |
| 1:06.6 | And there's a little bit of C.I. told you so going on. |
| 1:10.2 | And pointing to the NASDAQ and saying, that's why I've always said you got to stay away |
| 1:14.8 | from these and pointing to the Dow and saying, and that's why you got to, you got to get |
| 1:20.2 | behind companies that you see in the Dow Jones industrial average. |
| 1:25.2 | And I understand why someone in that position might take a little bit of a victory lap |
| 1:30.8 | or even pound the table a little bit. |
| 1:33.2 | However, I'm curious what you think of all this because when I think about you and your |
| 1:39.6 | investing style, you strike me as someone who is certainly open and embracing of the |
| 1:46.1 | idea of ballast in a portfolio of sure, yeah, have some growth in there, but particularly |
| 1:52.8 | as you get older, have some ballast. |
| 1:55.2 | And I'm wondering, does the, do the pro Dow Jones industrial average people hold any |
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