Over and again, all of these people who are held up by the media as geniuses or experts keep being wrong, whether it’s about Covid (specifically, the ‘health experts’ vastly overestimating the efficacy of masks and vaccines at stopping the spread of Covid), investing (such as Cathie Wood, who was hyped by the media in 2020-2021 before her fund lost 75% of its value, erasing all its 2020-2021 gains), cryptocurrency (Yahoo Finance and Twitter hyping crypto and giving a platform to crypto ...| Grey Enlightenment
When so-called “King of SPACs” Chamath Palihapitiya was in his heyday, I jokingly compared him with Prof. Harold Hill, the conman-hero of The Music Man. I was wrong. He was the Pied Piper, luring investor cash to its doom. Now that the song is over, it’s time for a reckoning with the 12 SPACs Chamath created through his Social Capital investment firm.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Special Purpose Acquisition Companies (SPACs) were a way to get around inve...| Yahoo Finance