No. 1 Forensic Accountant: The Coming AI Collapse | Anthony Scilipoti

Video Description

The Forensic Accountant who called the collapses of both Valeant Pharmaceuticals and Nortel before they happened shares his thoughts on AI, OpenAI, Nvidia, and more. This episode is not investment advice. For more information on this episode: https://fs.blog/knowledge-project-podcast/anthony-scilipoti/ *About Anthony* Anthony Scilipoti is one of the sharpest minds in investing. He's the President and CEO of Veritas Group of Companies. *Chapters* 0:00 Introduction 1:26 Early Career 2:53 The Enron Scandal 5:48 Lessons on Auditing 7:36 Reading Footnotes 10:00 What AI Can't Do 16:12 The AI 'Bubble' and the State of the Market 18:46 Ad Break 20:50 The Price of Risk 22:00 Interest Rates 24:00 People Struggling, Markets at ATH, Core Inflation 26:33 The People Making the Most Money Today 28:12 Parallels Between the Internet Bubble and Today 35:15 Ad Break 36:10 Parallels Between the Internet Bubble and Today (Cont.) 39:14 Investing Rules 42:14 What are the RED Flags to look for? 45:56 The Rise and Fall of Valeant Pharmaceuticals 53:04 Is a Complicated Structure Bad? 55:54 Companies Don't Start Out Being Crooked 57:53 Why is EBITDA a Disastrous Measurement? 1:00:47 Stock Options 1:06:30 What Incentives to Look for in a Company When Investing? 1:11:31 Index Investing 1:15:41 Buybacks and Share Count 1:21:21 What Makes Warren Buffett a Unique Investor? 1:26:58 The Power of the Retail Investor 1:32:30 What Is Success for You? *Made Possible By* reMarkable: Get your paper tablet at https://www.reMarkable.com today .tech domains: Nothing says tech like being on .tech https://get.tech/ Basecamp: Stop struggling, start making progress. Get somewhere with Basecamp. Sign up free at http://basecamp.com/knowledgeproject *Shane Parrish* Instagram: https://www.instagram.com/farnamstreet/ X: https://x.com/ShaneParrish LinkedIn: https://www.linkedin.com/in/shane-parrish-050a2183/ Books: https://fs.blog/books/ Website: https://fs.blog/ Newsletter: http://fs.blog/newsletter *Anthony Scilipoti* LinkedIn: https://www.linkedin.com/in/anthony-scilipoti-97a54913/?originalSubdomain=ca Veritas: https://www.veritascorp.com/home *The Knowledge Project* features in-depth conversations with the top CEOs, investors, and business leaders to uncover the timeless principles that drive success. Learn more at https://fs.blog/podcast