People are looking at this thing too closely. When taking the 30000ft wide view then something like this is not extraordinary , and there I say it, not even bad

People are looking at this thing too closely. When taking the 30000ft wide view then something like this is not extraordinary , and there I say it, not even bad. Fedex was famously down to their last 5,000$ dollars and were facing bankruptcy, and the founder quite literally went to Vegas to play blackjack and won 27,000$ to save the company. Companies and entrepreneurs are supposed to take on risk, that's why bankruptcy laws and LLCs exists in the first place. To give entrepreneurs some peace of mind that if the risk doesn't pay off they only lose what they put in. The world and the US was growing much faster in the 1970s and 1980s when these sort of things happened daily. Not all donuts come out with a hole. If for every Ponzis we get a Standard Oil then it's worth it. If for every Enron we get a Microsoft then it's worth it. If for every FTX we get a Moderna then it's for sure worth it. And maybe all those positive examples were just inches away from being touted as negative examples, quite like Fedex was.