developer

During a crisis, all assets become cheaper, so it is better to always have reserves to buy cheaper assets

farcasterclient

Several reasons for the 2008 crisis were: loans that were issued for dubious purposes at low interest rates to dubious people, the compilation of securities from a package of loans and then the creation of synthetic loans from these securities, incorrect or biased assessment of investment risk and rating, and others.

People should take into account that crises are black swans and they are cyclical, they happen unexpectedly but are still predictable, people should prepare themselves

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