NFTs

A major alts platform recently suffered an NFT hack. Of course, there’s plenty of news like that, occurring almost all the time, in the murky world of crypto, albeit this one is quite large.

What’s the point of this note/thought/comment?

That conventional ways of making money (SAA, DAA, and within SAA/DAA allocating to risk premia (e.g. the equity risk premia) or factor premia (Quality, Value or Growth, within equities)) is a sufficiently good way of making money, over time, such that one has a good chance at meeting their risk and return objectives.

For the most part, there is just no need to dabble in this part of the market, certainly for us to accomplish what we’ve set out to do.

Just thinking out aloud.

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