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

    Vanguard's Chairman Says Cryptocurrencies Pose an ‘Idiosyncratic Risk’
    • 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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    1. I don't think it's systemic, it's a strong idiosyncratic risk.
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