Jim Chanos & Bethany McLean on Lessons from Enron, Financial Fraud Throughout History, and the Fall of FTX, SVB & Wirecard | #479
The Meb Faber Show - Better Investing
The Importance of Listening
Short sellers have been vilified like that forever, but it seems particularly bizarre at market extremes to blame short sellers for the banking demise in 2008. And conversely more recently in the meme stock run up and some of the silliness that we saw in 2020 and 2021 where short sellers were pointing out that maybe you shouldn't be paying 50 times revenues for a fake meat company. It's amazing how a little bit of what's that old saying you can get a man to believe anything as long as his livelihood depends on it? So maybe the modern version is if you're getting rich or fear that you might not get rich, that just affects your ability to listen.
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