I'd put Denninger in that bucket too; the balance sheet guru and fractional reserve apologist. Incredibly smart people who put it all on the line, but their inability to question a few things is blocking a whole other level of understanding...

I guess the burden of being the smartest person in the room is it's harder to admit you know nothing.

Edit: but the guy is brilliant. Look at his analysis of O'Keefe's situation through the lense of 501(c)(3) corporate structure requirements.

https://market-ticker.org/akcs-www?post=248159

I'd put Denninger in that bucket too; the balance sheet guru and fractional reserve apologist. Incredibly smart people who put it all on the line, but their inability to question a few things is blocking a whole other level of understanding...

I guess the burden of being the smartest person in the room is it's harder to admit you know nothing.