I have a friend who’s a lawyer and seems smart by all accounts.
He debated me on why we need a managed monetary system and why hard money is bad for innovation for a week, then finally asked me for some bitcoin resources.
I learned a few months later that he bought some sort of index of cryptocurrencies and it wasn’t doing so well. When I asked if it contained any bitcoin allocation, he said “I have no clue”.
💀
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seemingly smart ≠ smart
Oof. That's a typical example of knowing just enough to be dangerous. "I know, I'll buy an index of coins like the S&P to derisk"