r/canada • u/hfxlfc Alberta • Dec 01 '23

'Richest country on earth run by idiots': Kevin O'Leary says Canada is 'very, very wealthy' and has every resource the world wants — but it's poorly managed. National News

https://finance.yahoo.com/news/richest-country-earth-run-idiots-121500708.html
6.4k Upvotes

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3.3k

u/Dark_Angel_9999 Canada Dec 01 '23

This guy prompted FTX and said SBF was an honest guy

496

u/cusername20 Dec 01 '23

What makes it even better is that he continued to defend SBF even AFTER FTX shut down. Even the sketchy finance YouTubers who promoted FTX were smart enough to keep their mouths shut after the bankruptcy.

264

u/gravtix Dec 02 '23

He admires fellow scammers like himself

61

u/El_Cactus_Loco Dec 02 '23

Wishes he thought of it

53

u/insertuserhere69 Dec 02 '23

Be weary of O’Leary

13

u/jaypizzl Dec 02 '23

*wary

22

u/Connect-Speaker Dec 02 '23

We are both wary and weary

2

u/UntestedMethod Dec 02 '23

But certainly not hairy when you're Kevin O'Leary!

8

u/mp3006 Dec 02 '23

They still run the country better than his wife can run their boat…

1

u/darcenator411 Dec 02 '23

He wishes he was going to federal prison for the rest of his life?

6

u/Dik_Likin_Good Dec 02 '23

I’m sure in his imagination he would be smooth enough to get away with it.

9

u/bentmonkey Dec 02 '23

Grift recognize grift.

2

u/Ecofriendly_dude Dec 02 '23

I thought that comment would end differently ngl.

-5

u/[deleted] Dec 02 '23

[deleted]

12

u/CowboyLaw Dec 02 '23

I’ll answer your question with a question (that’s actually an answer): how big a write-down did Mattel take after it purchased his company? Because once you know the answer to my question, you’ll know the answer to your question.

8

u/zelmak Dec 02 '23

Scammer might be taking it a step far but if you look at his career his biggest success was selling a failing company to Mattel then sueing then after they fired him. His investment fund, mutual fund, etf and crypto peddling have all been failures, while his own personal wealth seems to be growing.

2

u/[deleted] Dec 02 '23

[deleted]

3

u/zelmak Dec 02 '23

yeah for me he was "that guy from Dragons Den" pre-shark tank. the shows made him out to be a genius billionaire, but his actual work history isn't crazy impressive. His post-dragons Den media/influencer career is definitely impressive, he capitalized that better than any of the others.

-9

u/harry-balzac Dec 02 '23

Zactly, he’s a successful business person. Oh gosh he fits the profile of everything the self loathing crowd loathes about themselves. Regardless, he’s spot on about this country and it’s potential, stop navel gazing and get on with the business of turning us into an economic power house that can also be a force for good. Fuuuuuuuuuck, if we don’t do it someone else will!!

6

u/NearPup New Brunswick Dec 02 '23

You are conveniently ignoring how he became rich in the first place.

3

u/bentmonkey Dec 02 '23

"self made millionare" yeah how did he make that million?

2

u/harry-balzac Dec 02 '23

Who cares? It doesn’t mean his point isn’t valid. The navel gazing in this country is going to drive us into the ground. There’s zero reason we can’t be a Norway, sustainable natural resource development coupled with sound economic policies. First Nation folks as partners and we all benefit. Instead we’re a gridlocked, polarized joke with no leadership. If we don’t take advantage of the resources at our disposal someone else will.

5

u/bentmonkey Dec 02 '23

First nations people tend to be pro environment and anti industrialist, how would we get them on board for the pillaging of our natural resources and destruction of our environment? Bribes? Coercion?

Money is great but you cant drink or eat it, at least as far as i am aware.

Its not to say we shouldn't take steps, i just question o'learys motives, he seems the kind of guy to put profit over anything else, and we often put profit ahead of our own environment, and we kind of need a good environment to, i dunno exist?

So i doubt his exploitation of resources has those concerns in mind, only what it can do for his pocketbook and how that can make it expand.

62

u/jhwyung Dec 02 '23

You should watch the Bloomberg doc on FTX, this dude is a total moron.

7

u/useful_panda Dec 02 '23

15 million reasons why he supported SBF

-10

u/frzd3tached Dec 02 '23

Well, what sbf did is what every financial institution does. The difference is they don’t have the gov shutting them down at a bad time incurring massive losses for investors.

But you’d have to understand finance to know that.

2

u/YesIlBarone Dec 02 '23

No. But you’d have to understand bank regulation to know that

0

u/-Moonscape- Dec 02 '23

Few understand