— Topic —

    Finance

    5 receipts tracked • 20% industry hit rate

    — Filed —

    5 receipts on Finance

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    RECEIPT #CHAMAT

    DEC 17, 2020

    Missed it.
    I'm the next Warren Buffett.

    FOLLOW-UP

    Chamath crowned himself the next Buffett at the SPAC peak. His IPOA-F vehicles (Clover, Opendoor, SoFi, Virgin Galactic) collectively destroyed billions in retail wealth by 2023; he wound down the SPAC franchise in 2022.

    ORIGINAL SOURCE

    Fortune

    EVIDENCE

    RECEIPT #CRAMER

    MAR 11, 2008

    Missed it.

    PREDICTION BY

    Jim Cramer
    Bear Stearns is fine! Do not take your money out. ... Bear Stearns is not in trouble.

    FOLLOW-UP

    Cramer told a viewer on March 11, 2008 that Bear Stearns was fine. Five days later JPMorgan acquired Bear for $2/share in a Fed-backed fire sale. Iconic bad call.

    RECEIPT #CRAMER

    OCT 27, 2022

    Missed it.

    PREDICTION BY

    Jim Cramer
    Meta is no longer investable. ... I trusted this management team. That was ill-advised.

    FOLLOW-UP

    Cramer declared Meta uninvestable at ~$97/share in Oct 2022. Stock then ran from ~$90 to over $700 by 2024 — one of the great recoveries of the decade. Inverse-Cramer at its purest.

    ORIGINAL SOURCE

    CNBC

    EVIDENCE

    RECEIPT #CHAMAT

    FEB 22, 2021

    Partially right.
    Bitcoin will probably get to $200,000, then a million dollars, in the next decade.

    FOLLOW-UP

    Bitcoin reached $126,198.07 by October 2025, partially fulfilling the prediction of reaching $200,000 within a decade. However, it did not sustain that level and fell short of the $200,000 target by early May 2026, while the $1 million target remains unresolved.

    RECEIPT #BILL-A

    JUN 03, 2015

    Partially right.

    PREDICTION BY

    Bill Ackman
    Herbalife will implode "no later than March of 2016" when its "debt comes due."

    FOLLOW-UP

    Herbalife did not implode by March 2016. It restructured debt and settled with the FTC, and its stock rose, leading to significant losses for Ackman's short position, which he closed in 2018. The company did face regulatory scrutiny and a large settlement, indicating some accuracy in the 'fraud' claims, but not total 'implosion'.