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Leigh Drogen, Starkiller Capital - If This Thing Isn’t Dead Yet, It’s Not Going To Die | #351

The Meb Faber Show - Better Investing

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Is It a Stakeholder's Choice?

The fundamental thesis here is definitely that we will have at least another couple 80, 70, 80 % drawdowns on the way to the eventual terminal value of thi space for sure. The reason that happens is because there's really easy leverage in the system. There's no literal person picking up the phone and margin calling you. It's just a smart contract that liquidates your stuff. I don't think that's going to end any time soon. Now, maybe you get more relval trading, and maybe that un link some of the correlations.

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