Vanguard's Chairman Says Cryptocurrencies Pose an ‘Idiosyncratic Risk’ - Stock Market Data Today -BoardProspects

Vanguard's Chairman Says Cryptocurrencies Pose an ‘Idiosyncratic Risk’

Stock Market Data Today Jan 18 2018 BoardNews
- Vanguard Group chairman F. William McNabb said Thursday that the ongoing cryptocurrency boom worries him “a little bit.”
- "If something’s too good to be true, it probably is," he told Bloomberg TV.
Vanguard Group chairman F. William "Bill" McNabb remains hesitant about the cryptocurrency craze, he told Bloomberg TV on Thursday...
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Quotes
1. I don't think it's systemic, it's a strong idiosyncratic risk.
Topics Mentioned
- Shareholders
- risk
- Bloomberg
- blockchain
- Vanguard
Authors
- Graham Rapier (Grapier@Businessinsider.Com)
- Finanzen.Net Gmbh