'I'm Embarrassed and We Look Foolish,' Kevin O'Leary Gets Candid on SBF, FTX Crisis
Stansberry Research, Released on 11/30/22
"To be expected, the FTX collapse is going to have some peripheral damage and I think there's more to come," says Kevin O'Leary, business mogul and star of ABC's hit TV series Shark Tank. He clarifies his statement on if he would still support former CEO of FTX Sam Bankman-Fried, detailing that he, "wouldn't because I wouldn't be allowed to," with impending investigations underway. "All of us at the cap table have spoken and we're stunned, and we don't have any answers yet," O'Leary continues. "It's clear to many people throughout the last few trading sessions that the various digital tokens are so correlated," he says, "and most of the tokens that exist will go away." The China wild card has been persistent every 90 days, "and the Chinese need to step up and buy a working vaccine to have the same herd immunity benefits seen in North America," O'Leary concludes.
00:00 Kevin's take on the FTX fiasco4:27 Kevin's encounter with SBF8:15 Kevin's insights on backing up entrepreneurs after the FTX failure10:44 What red flags did Kevin miss about Sam?11:57 What would Kevin say to the haters?13:37 What is Sam like as a person?17:54 Will this speed up regulations coming?19:56 Why are the regulations taking so long?22:38 Kevin's view on crypto23:58 Overall market sentiment and Kevin's investment advise28:09 Black Friday sales and the retail sector29:10 The Fed's next move and the housing market31:28 Kevin's view on gold33:48 Kevin's watches collection
Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money managers and founded his own mutual fund company, O'Leary Funds. He raised hundreds of millions of dollars from investors who share his "get paid while you wait" yield oriented, value investing philosophy. He is a venture capitalist on the Canadian television show Dragons' Den as well as a shark on the United States' version of Dragons' Den, Shark Tank, which airs on ABC. Kevin has authored 2 books: Cold Hard Truth: On Business, Money & Life
'I'm Embarrassed and We Look Foolish,' Kevin O'Leary Gets Candid on SBF, FTX Crisis added by Herman James on 11/29/2022View all posts by Herman James ?+'