FTX's collapse is a warning to investors about excessive risk

USA TODAY - For more and to sign up click here USA TODAY “Let’s say there’s a game: 51%, you double the Earth out somewhere else; 49%, it all disappears. Would you play that game? And would you keep on playing that, double or nothing?” That’s what Sam Bankman-Fried, the former CEO of FTX, was asked in a March podcast with Tyler Cowen.The vast majority of us would not take the risk of playing that game even once.…