Credit Suisse And the 1000x Rounding Error

Doogles leads off by talking about how Martin Shkreli uses a rare Wu-Tang Clan album to pay back his debt to the government. Then Doogles looks at the ridiculous debacle that was Credit Suisse's enablement of the Archegos collapse. Skippy and Doogles take a trip through small town America by discussing a recent Granola Shotgun article "We'd Rather Have the Iceberg Than the Ship" — a good breakdown of how chasing the shiny and new is short term thinking. Skippy discloses his new CEO crush on Ravi Saligram, who runs Newell Brands and enacted a no jerks policy that has turned around the company's financials. The episode wraps with discussing how brokerages make money, and the pros and cons of college football realignment.