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Automakers: A Pitiful Trio

A lesson in risk analysis and economic forecasting.

Chance of picking the Ace of Spades from a deck of playing cards
1:52 Easy Peasy 101 Stats

When I tell you that the guy picking the card is a magician in amagic show...hmmm. well 1:1 Easy peasy lemon squeezy.

Maybe however the magician is incompetent, he kps pulling cards and doesn't find the Ace ...

Why it's right here in your purse ma'am.

The real world magicians are the cabal of Bankers ,their auditors, who have prepared frauduent Balance sheets for years with all sorts of off BS chicanery and financial legerdemain, paying profits and bonuses until their capital base has disappeared.

It's an asymmetric world and it's the magicians who hold the cards.