Wolf Money(portfolio update for end Nov 2022)
(Credit CNBC major backers of FTX) Lone Wolf Fund(LWF) Portfolio as at end of Nov 1.) Cash 2.) Bank of China(3988.HKG) 3.) Boustead Projects(BP) *Stocks are not rank in accordance to capital invested . *Just for sharing. Not an inducement to buy or sell . Commentary The biggest headline of the month was FTX bankruptcy. The spectacular failure of FTX had all the making of a Hollywood blockbuster. SBF came from being a hero to zero in a mere 3 years. The once 32b business managed to pull wool over some of the biggest investors in the world including our SWF. The “bank man got fried” investing in the company. Billions were loss. Many people loss their saving. Every generation of investors are likely to see some sort of bubble in their lifetime. Some investors might asked “why invest in Crypto, there is no fundamental behind it?” I like everyone to hold your horses on criticism. If I substitute S-Chip(Singapore listed Chinese company), Pan Electric or the 200...