Bethany McLean

speaker
391 appearances 2 recordings 1 series first heard Jul 2026 last heard 2 Aug

Bethany McLean’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · Aug OctJan 26AprJulnow

Recordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.

Appearances

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You know, there's still
a raging debate about how much he deluded himself and whether he planned the whole thing from the beginning or slowly fell into the trap after losses made him not want to confess the truth to investors and believe that he could believe that he could dig himself out of it.
Really mass corporate delusion.
Almost no one thinks it through and thinks, huh, I'm going to set out to deliberately defraud investors.
And if this goes badly, I could find myself in the headlines and possibly being prosecuted.
That's just not the case.
That's just not the chain of logic that people use.
If they did, then this would never happen.
So it's almost always the latter.
Yeah, I think it is much easier with with a caveat.
It's much easier in a technical way because the financial statements aren't public and there are no there can't be short sellers.
And so those two things, publicly filed financial statements and short sellers are are helpful signs.
They're helpful red flags.
You may not be able to find anything in the publicly filed financial statements and the shorts may not be right.
But if there is a heavy short interest in a stock, chances are there is a reason and you should at least understand the reason and then feel free to dismiss it and say they're wrong.
But you should understand it.
And so you can see that.
Whereas with a private company, you can't see any of that.
The only caveat I'll offer is that in times like this, where we're in this raging, crazy bull market that almost feels more like gambling than it does like investing, the preeminence of belief or the preponderance of belief in things that seem to be crazy can make you overlook red flags.
Because you see the red flag and you think, oh,
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