Kevin O’Leary, a well respected businessman, is now part of a lawsuit in one of the biggest financial crashes in business history. The founder and former CEO of FTX was compared to JP Morgan. After filing for bankruptcy, he is now being compared to Bernie Madoff.
What made Kevin O’Leary invest in the first place? While the business practices of FTX were unethical, the concept is completely innovative and somewhat necessary in the changing financial climate.
We can learn from the mistakes of Kevin O’Leary, as an investor, and Sam Bankman-Fried, as the founder.
The elder generation investing in the upcoming generation makes very logical sense. However, due diligence and ethical business practices are always necessary.
Read more on the way Generation Z is adapting to the new financial climate here