Commentary

Kedar’s Laws of Financial Instruments

What manner of sorcery is #NFT?

Kedar’s First Law of Financial Instruments: “Any sufficiently advanced financial instrument is indistinguishable from a Ponzi scheme.”

Kedar’s Second Law of Financial Instruments: “Any financial instrument invented after one turns 40 is indistinguishable from a Ponzi scheme for the 40+ year old.”

Kedar’s Third Law of Financial Instruments: “If you are above the age of 40, and not stinking rich to begin with, you are already too old to make money from new financial instruments.”
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