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NNT credulously repeating this idiotic tweet, completely misinterpreting the data, getting absolutely the wrong idea and using it to shill his books at the same time. This is *chef’s kiss*https://twitter.com/nntaleb/status/1383860897999851521 …
Attempting some ass-covering later with “Note: the fact that Schiff's percentages are off is irrelevant” — my man, they are off by orders of fucking magnitude! The CFO kept 75% of their shares, not 0%! Just admit you were wrong or delete the tweet, don’t idiotically double down.
Here are the correct figures (I remembered wrong, the CFO actually kept more than 80%)https://twitter.com/BarbarianCap/status/1383477889023184905 …
I think what he is saying is, obviously, companies should not be allowed to go public as this causes debriding
It's still front running the market. Think about how big a position Tiger Cub would have taken. Probably bigger than the CEO. Didn't they raise several hundred million for themselves ?
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