Remove tag supply shocks
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The Anti-Capitalist Prank That Made Some Serious Bank

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Banksy himself summed up the stunt with a video of the picture going through the shredder (and the faces of shocked onlookers) with the caption “going, going, gone.” million price tag – was tied for first place with another Banksy piece that was sold in 2008. million price tag. The painting itself – with its $1.4

Banking 46
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Transcript: John Hope Bryant

Barry Ritholtz

So, one, I was shocked that there was an industry whose job it was to lend a risk taker money. Two, I was shocked that it was legal. Three, I was shocked that it was an actual occupation for a guy who was a legitimate hustler. I knew what supply and demand looked like, what things were moving, what wasn’t.

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Transcript: Robyn Grew

Barry Ritholtz

Then suddenly in the ensuing weeks, you get tagged to be CEO. We — in the early 2000’s we had our first sort of um, involvement in creating on thinking about climate and signing up to various supplies of information when it came to climate data. You and I — RITHOLTZ: Shocking. GREW: Shocking right?

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Transcript: Michael Lewis on SBF & FTX

Barry Ritholtz

Can I just tag along? And his idea of starting it is to start it with a bunch of effective al altruists in Berkeley where there’s money from effective altruist to supply the capital. They come to it with their baggage and they supply, they walk into the hole in the book. What could go wrong? And he did the deal.

Math 60
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Transcript: Robert Koenigsberger

Barry Ritholtz

So you have inelastic supply when people want to buy. Bank of America decided they wanted to sell their branch in Lima, Peru, and the price tag was a million dollars. Sometimes the short-sightedness of upper management on Wall Street is shocking. I am genuinely shocked when people say, yeah, then it’s just not worth it.

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Transcript: Brian Hamburger

Barry Ritholtz

And she took to selling beauty supplies on the side. But what shocked me more than the slowdown — the slowdown actually makes sense. What shocked me more than the slowdown was the intoxication of capital, right? RITHOLTZ: Shocked. RITHOLTZ: Your bucket list, which most people don’t tag. RITHOLTZ: Right.

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Transcript: Benjamin Clymer & Jeffery Fowler, Hodinkee

Barry Ritholtz

And then within LVMH, I moved to Tag Heuer, which is a pure watch business — RITHOLTZ: Right. It was really kind of in the Tag Heuer timeline for me, career-wise, that I became aware of Ben and of Hodinkee. FOWLER: I mean, the simple answer is just supply and demand. RITHOLTZ: A lot of demand, limited supply.

Retail 64