Episode 144

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Published on:

23rd Nov 2022

ReSolve Riffs with Mark Yusko on FTX, Responsible Crypto Innovation and the Future of Finance

Our guest this week was Mark Yusko, founder, chief investment officer and managing director of Morgan Creek Capital Management. With deep experience in both digital assets and traditional finance, Mark took us on a rollercoaster as we dissected the recent turmoil affecting the ‘crypto-verse’. Topics included:

  • A post-mortem of the FTX debacle – an evolving situation with many missing pieces
  • The sequence of events that led to the debacle
  • Why Mark passed on the opportunity to invest… three times
  • Useful idiots? Conspiracy theories versus actual conspiracies
  • You can’t ban a decentralized system, but you ‘assassinate its character’
  • The due diligence failure of high-profile capital allocators
  • Fiduciary responsibility gone awry
  • Parallels with other frauds and characters
  • An analogy between digital assets and the Eurodollar system
  • Bitcoin as the base layer of a future monetary system
  • Displacing trust with truth
  • Innovation – why timing is key
  • Exciting ventures and projects for the coming years
  • With every investment we get richer or wiser… never both
  • And much more

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.

 

*ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.

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About the Podcast

Resolve Riffs Investment Podcast
Welcome to ReSolve Riffs Investment Podcast, hosted by the team at ReSolve Global*, where evidence inspires confidence.
These podcasts will dig deep to uncover investment truths and life hacks you won’t find in the mainstream media, covering topics that appeal to left-brained robots, right-brained poets and everyone in between. In this show we interview deep thinkers in the world of quantitative finance such as Larry Swedroe, Meb Faber and many more, all with the goal of helping you reach excellence. Welcome to the journey.

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.