AmiSight 7/27: Want to Follow The Hysteria: Follow Kevin O’Leary
Do you remember during the SVB "crisis" when Kevin O'Leary, AKA "Mr. Wonderful," was all over the news, predicting the demise of regional banks and encouraging everyone to move their money to big banks as soon as possible?
Last week, Kevin was on Capitol Hill, predicting a working capital crisis for small businesses with rising interest rates and predicting that capital will soon become too expensive for entrepreneurs.
The irony of all his smoke and mirrors was when I approached Kevin a few years ago at a dinner to suggest that a banker should be on Shark Tank to provide alternatives to equity. He responded, "He was the bank of shark tank," while sipping his mediocre wine.
Enough nonsense !!!