Stock Club

#204: FTX Scandal Explained - How Sam Bankman-Fried Shocked the Crypto World


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Welcome to #204 of Stock Club, presented by MyWallSt. 


In this episode, your hosts Emmet Savage and Mike explore the volatile world of finance and investment, starting with a deep dive into the spectacular downfall of Sam Bankman-Fried and the FTX collapse. They unravel the intricacies of this crypto calamity, offering insights into its wider implications for the cryptocurrency market and investor confidence.


The conversation doesn't stop there; we shift gears to the psychological underpinnings of investment decisions, illuminated by the work of Daniel Kahneman in behavioural economics. In addition, we examine the $30 billion class action settlement involving Visa and MasterCard, pondering its impact on the payments industry and what it means for merchants and consumers alike. 


The episode also touches on potential market shifts, highlighted by the proposed acquisition of Discover by Capital One. We round off with a captivating pitch on Autotrader, unpacking the secrets behind its dominance and profitability in the classifieds sector. 


Engage with us by liking this video and sharing your views in the comments below. 


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This episode is sponsored by Vodafone Business. Vodafone Business continues to support Irish SMEs and are here to help you achieve your business goals. With this in mind, Vodafone’s V-Hub Digital Advice and support platform offers free, one-to-one digital advice tailored to your business. Whether you want to grow your online presence, explore best cybersecurity practices, get tips for social media or discuss collaboration tools for your business, our V-Hub experts are here to help.


Book a free call today: https://v-hub.vodafone.ie/



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(00:00) Preview and Introduction

(02:29) How Did Truth Social’s IPO Perform?

(05:22) Sam Bankman-Fried’s FTX Saga

(13:06) Should You Invest In Crypto?

(17:05) Decoding Daniel Kahneman’s Philosophy 

(28:47) MasterCard and Visa's Antitrust Settlement

(34:45) Capital One To Acquire Discover?

(38:36) Autotrader Stock Pitch 

(41:35) The Coffee Can Portfolio




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