Re:FTX’s balance sheet was bad
by robryan on Monday November 14, 2022 @04:05PM
(#33601051)
I was thinking about this. A chartiable explaination would be that individual companies in the group have proper balance sheets but there was no nice collation of just the material assets of the whole group.
[ Parent
| on HN ]
For many businesses, such a thing isn’t really possible anyway (without manually maintaining a bunch of excel sheets for instance). A lot of large important things are done by a couple of folks poking and prodding and spreadsheets, then making decisions.