The FTX Scandal: The Difference Between Wisdom & Knowledge

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As we move at breakneck speed toward the end of the year and into 2023, we want to talk about finishing strong as well as touch on the difference between knowledge and wisdom, the FTX bankruptcy scandal, and how good thinking affects our planning decisions.

Here’s some of what you’ll learn in this episode:

  • Have you heard about the FTX scandal? Here are the details. [5:50]
  • How people fell for FTX and why you must be careful not to confuse knowledge and wisdom. [12:12]
  • Sometimes wanting to believe in something you shouldn’t, can get you into trouble. [14:56]

If you want to discuss your investment strategy or have someone give your portfolio a second opinion, please reach out and we’ll set up a time to talk.



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Donald W. Cash – CPA, CFP®, is an independent advisor. After graduating from Rutgers University, he began his career in 1985 as an accountant. In 1990, he entered the field of Estate Planning, concentrating on long-term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs.

Don advocates for a holistic approach to Estate and Financial Planning and has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers.

He is married to Cathy and they have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

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