Nick Ledger explores how the 2008 financial crisis exposed the dangerous rift between mark-to-market and mark-to-model valuation methods. Examining mortgage-backed securities, regulatory failures, and the incentive structures that turned rigorous modeling into "marking to myth," this episode reveals why nobody truly knows what anything is worth—and why that matters for your investments today.
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This content was created in partnership and with the help of Artificial Intelligence AI
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