I saw this article
linked on reddit recently, it looks like it is getting
a lot of backlash. Now, I get why, but let me share a little
representative of it.
I think this takes the Fed Chairs words
slightly out of context. After all, unsophisticated has a technical
meaning as well.
A sophisticated investor or accredited investor is defined by the
SEC as the following:
An accredited investor, in the context of a natural person,
includes anyone who:
earned income that exceeded $200,000 (or $300,000
together with a spouse) in each of the prior two years,
and reasonably expects the same for the
current year, OR
has a net worth over $1 million, either alone or
together with a spouse (excluding the value of the
person’s primary residence).
It isn’t necessarily a term to
belittle people, it's just a statement of fact.
Here is some other news I was looking
into this past week.
As you probably know, as an accountant
and Crypto euthistist I always look for referencing to crypto in
accounting publications, well here is the Journal
of accountancy on crypto
And lastly, I’m considering
a 2018 update to my ebook (which a copy provided FOC if anyone who
bought the last edition). Let me know what you think!
