Whalen: Fiduciaries cannot invest in crypto without fundamental frameworks
Casey Whalen · Friends Reunion – Five Allocators Riff on Investing (Capital Allocators, EP.215) · Sep 27, 2021 · at 22:05
CIO Casey Whalen explains why institutional fiduciaries avoid crypto despite its past price appreciation.
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“We're fiduciaries, so we have to hang our, I always say we have to hang our hat on being able to evaluate why we're doing, is it fundamental value, and have kind of a framework around it, and I just think it's crypto in that regard. We don't want to put our heads in the sand, like to Meredith's earlier point, we want to learn about and be educated and understand, and obviously all the technology around it, but we also are fiduciaries, and so you can look back and say it was this great investment, but what was the framework for making that decision?”
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