FTX-ed by SBF? WTF! How to Read Bear Market Signposts
FTX is like Enron*Lehman*Madoff
1. How can we spot these ahead of time?
2. Why do they keep happening?
3. Where do we go from here?
*The best careers and investments are made entering at the lows.*
1. Could we see it coming? Did we? Being early vs late…
I saw Enron 4 years early, and two analysts who also saw the fraud put sell ratings on the company in 1996, and lost their jobs and left finance by the time Enron went bankrupt in 2001.
Often we see something is off, but there’s too much individual career risk to do anything about it.
Some see it and call it (especially if it's their job - short sellers and reporters). Some see it and avoid it. Others fall for the FOMO and play until the music stops.