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...The person interviewing me wanted to know if I felt that Knights of Columbus was out of step with mainstream investors because we did not own any crypto. My response was that the company they were referencing, a large insurance company, is similar to the kid in high school doing something to impress so as to be invited to the cool table in the cafeteria. Even if Bitcoin quadrupled from the purchase price, it would have been a little more than a rounding error on this insurance company’s balance sheet. When I was young, my father was an investor in multifamily real estate and told me many times to never chase a property because there is always another day and always another deal. That advice has served me well as an investor because I believe the same in the stock and bond markets. Ultimately, I think the recent news is going to bring more attention, scrutiny, and regulation to the crypto market. We shall see...

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