Just because it should happen, doesn't mean it will. The hedge is to play

when you are the stock, the only way to cash out is to outsource the blame

never trade on the expectation of regulatory action or exposure. when frauds are making people rich, there is limited political will # 🔦, 🎰

when everyone has far too much paper wealth tied to a stock and the actions of one man, he becomes a god, and you become his servant # 🎭

law enforcement will rarely proactively mitigate a fraud, accountability is mostly sought after they self-implode. ironically, by letting them run, more people get hurt but those that do will thank the government rather than blame them # 🔦

if irrationality becomes rational because the contagion of irrationality enables the enterprise to retrospectively bootstrap into value, how wrong were the bears originally? # 🎰

when the public affection that upholds your brand and business is increasingly dependent upon "number go up", what happens when that inevitably stops # 🎭