What 3AC should have done differently instead of crashing down to zero according to Kyle Davies
Channel: Analyse Asia
Date: 2022-12-11

"There are several things, but if I go far enough back I would say in mid-2021, two of our early partners that were part of this, wanted to retire and we bought them out. They left. In retrospect, we should have fought to keep them or replaced them with multiple people each to fill partnerships. What we did instead is we did not. The market rallied. We felt we were just clouded in our judgment and, that we were not scaling the firm the way we should have. So that was probably one big one. The other one was after the liquidation, I should have just had blinders on to the media and focused on creditors only, and probably just had a round table and said these are what I think the options are. What do you think the options are? And if that were the case, I think we probably wouldn't be in bankruptcy. We would've found one of the solutions that I just mentioned." - Kyle Davies from 3AC

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