Turkeys of the year
Sam Bankman-Fried. Michael Lewis, author of Liar’s Poker AND Big Short, was associated with the 2022 high rooster for six months before the FTX collapsed. I bet the book will be the funniest and most revealing of its kind since then Harpo speaks!Marx Brother’s memoirs published in 1961.
Mark Zuckerberg. Social Network it was a good movie about the origins of Facebook. For a sequel, you can’t go wrong Honey, I’ve shrunk half a trillion in market cap. No one knows what roosters are like in the metaverse, but Zuckerberg sure is one here and now.
Liz Truss. She will be remembered for producing a “mini-budget” of horror so extraordinary that it managed to squeeze into just a few weekends at Checkers, every country house of a British prime minister since David Lloyd George. Who knew financing tax cuts for the wealthiest with borrowed money in a depreciating currency could be such a good idea?
Robert Cahaly. He is the founder of the Trafalgar Group, a pollster that predicted Donald Trump would win in 2016, was dead wrong in 2020, and put Lee Zeldi one percentage point ahead of Gov. Kathy Hochul on Election Day. She won by 6% in a race that other pollsters indicated was within the statistical margin of error. Misreading the New York electorate gives Cahaly a turkey, without rye bread or brown mustard.
Cathie Wood. Its “innovation fund” investors lost 60% of their money this year, so Wood railed against the Federal Reserve for the monetary policy that destroyed its once $50 billion portfolio. Let’s reward him for the attention he sought with that public relations stunt and give him Turkey of the Year.