4 ms·
I don’t know if he consistently made bad predictions, but he had a few howlers during the 2008 global financial crisis. He very loudly declared on his TV show t
by smcl 4y ago
I don’t know if he consistently made bad predictions, but he had a few howlers during the 2008 global financial crisis. He very loudly declared on his TV show that Bear Sterns was safe on the eve of its collapse: https://youtu.be/V9EbPxTm5_s https://youtu.be/V9EbPxTm5_s
- jb1991 4y agoDon’t forget about all the accolades he left on Facebook stock before it had its massive crash.
- smcl 4y agoOh yeah there's definitely plenty more than I mentioned. But I just wanted to highlight that his reputation as this sort of accidental Grim Reaper of companies originated in the GFC back in 07/08
- ashwagary 4y agoA couple days ago he told his audience to sell Bitcoin for USDC, a day later USDC had a -15% depeg event. Yes, he is a comically bad signal.
- smcl 4y agoHeh, ok so he's still got the midas touch then :) I hadn't really seen anything of him recently but I figured in a "stopped clock is right twice a day" way he can't possibly always be wrong, but maybe I gave him too much credit