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by vba616
1318 days ago
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From April of this year: https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm... I don't know how to reconcile this with the comments people are making. He didn't sound like he was under illusions about what he was doing. And surely other people read/listened to this. It was pretty much laid out with a ton of foreshadowing. Near the end: "And it is sort of like real monetizable stuff in some senses. And you know, at some point if the world never decides that we are wrong about this in like a coordinated way, right? Like you're kind of the guy calling and saying, no, this thing's actually worthless, but in what sense are you right?" "And if you're like, that's dumb, it has no cashflow flow. I'm gonna short sell it. You lose all your money." |
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