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Do you know the most important lessons for individual investors in the FTX blow-up? Number One: Even billionaires, elite athletes, and celebrities can make dumb investment decisions. Donamp;#39;t follow their investments and portfolios blindly. Donamp;#39;t follow anyoneamp;#39;s portfolio blindly. Number Two: Just because someone is a professional fund manager, it doesnamp;#39;t mean they would do proper investment research. Sequoia Venture Capital and Ontario Teachersamp;#39; Pension Plan are a few of the pro investors in FTX who didnamp;#39;t do even the most basic investment research. When it comes to investing, learn to do your own research. Number Three: Risky balance sheet was the main reason for FTXamp;#39;s collapse. Too much illiquid and risky assets were backing liquid and immediate liabilities. Learn to read the balance sheet of the companies you invest in.