Short Note 11-17

I was not planning to write more on economy and market. For most of you, you only need index investing and forget the rest. The reason I write this is to update on one thing I wrote earlier: there is no financial explosion this time around. When FTX bankrupt, I did not think much since it is known to be speculative. This morning I overheard (CNBC overtime section) someone said that there could be hidden leverages. During GFC, it took several months and now the total crypto is 1.5T. This is a good point. On the other hand, see

Megan McArdle 11-14 The FTX calamity explains why crypto is irrelevant

My takeaway: if you want to be extra cautious, wait until 5-6/2023. That is when the first quarter company results are reported.

More in the shared folder. As mentioned before, I normally do not update regularly.