European Capital Partners - Circle of competence Discover this fund | European Capital Partners
Asset management and fund structuring boutique

Circle of competence

Nov 14, 2022

The nanospeed unravelling of the multi-billion Bankman-Fried FTX empire is sending shockwaves through the investment community. We are active for too long in the industry and have made too many investment mistakes to show Schadenfreude, in particular for the retail investors who lost at least part of their retirement savings in crypto. We draw several conclusions from the current mess that are as simple as difficult to keep: 1) Shy away from investing outside of your circle of competence even if the buzz is high and the emerging technology looks promising 2) shy away from complexity (cf. FTX company structure) 3) Crypto is NOT (at least not yet ) a store of value.

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