> Trading Floor > Endgame
Endgame |
|---|
| Okay, I think I'm done. For more than a year I've been pointing out what I see as a systematic effort to defraud passive investors of their retirement savings by a handful of Silicon Valley oligarchs and Wall Street insiders. We've looked at the circular financing arrangements, the off-balance-sheet liabilities, and the implausibility of the assumptions that are being used to support the AI investment sales pitch. After spending all day yesterday meticulously detailing why the Anthropic PBC IPO is the single worst investment opportunity I've seen in my 20+ year career in capital markets, I realized I don't actually care who or how many people wind up getting screwed for investing in garbage. I get no benefit from protecting the passive sheep who are happy to comply with whatever the wolf in the fancy suit tells them they should do. Nobody is going to thank me or send me coins for protecting them from themselves. Whatever obligation I was feeling at the beginning of this project has been met. Trade well. |
