Take off every 'quote'! You know what you doing. For great insight. Move 'quote'.
And if you don't:
- Please post all quotes separately, so that they can be voted up/down separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote comments/posts from LW. (If you want to exclude OB too create your own quotes thread! OB is entertaining and insightful and all but it is no rationality blog!)
- No more than 5 quotes per person per monthly thread, please.
No. But I think you* are guilty of affirming the consequent. If something is false, then it will end in bankruptcy - but that does not logically imply that everything ending in bankruptcy was false. So something true could still end in bankruptcy (for whatever reason, like a liquidity crunch).
* Or Carlyle, I suppose, but given the choice between accusing a famous thinker of an elementary fallacy and a quick off-the-cuff Internet comment, I'd rather accuse the latter.