Anonymous #3 15w

What am I missing?

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Anonymous OP 15w

That it's not always a failure, and sometimes highly strategic. Chapter 11 bankruptcies allow an entity to restructure debt, cancel leases, renegotiate contracts, and come out stronger. Most successful businesses have used this, multiple times, to their advantage. It’s less about being broke and more about knowing how to work the system.

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Anonymous #3 15w

I’m aware. You have to be incredibly skilled to run 3 casinos into the ground. Personally, I like investing in companies run by people who have never declared bankruptcy

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Anonymous OP 15w

That’s not how business works. At scale, failure is part of the game. Bankruptcy isn’t proof of incompetence, as stated above, it’s a legal tool to restructure and move forward. You have never operated beyond personal finance, thus this concept is incomprehensible to you.

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Anonymous #3 15w

Do you understand it’s not strategic to run a casino into the ground? That’s basically impossible. And it makes your reputation shittier because you fucked over shareholders and creditors

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